Dean Foods enters bankruptcy amid volatile dairy markets

Dean Foods enters bankruptcy amid volatile dairy markets

digitalreflections | Bigstock.com

Dean Foods enters bankruptcy, begins sale of company assets as industry struggles with volatile dairy markets

According to a company press release, Dean Foods plans to use the bankruptcy proceedings to “protect and support its ongoing business operations and address debt and unfunded pension obligations” as it works toward the sale of the company. Dean Foods and Dairy Farmers of America both indicated the two companies were in “advanced discussions” regarding the potential acquisition, which would be subject to regulatory oversight.