Ownership of two Dean Foods dairy plants in Indiana may be part of a deal to sell the bankrupt food conglomerate to a farmer’s cooperative.
Kansas City-based Dairy Farmers of America announced this week plans to acquire 44 of 57 Dean Foods milk processing facilities as part of a $425 million deal.
Our partners at WPTA-TV report the Dean Foods plants in Huntington and Decatur are on a list of plants slated for transfer to DFA, the nation’s largest dairy cooperative.
The deal is subject to approval by federal regulators, such as the U.S. Department of Justice, which will be looking at antitrust concerns.
Dallas-based Dean Foods, which filed for bankruptcy in October, must still get approval from the federal bankruptcy court overseeing the sale of Dean’s assets.
Dean Foods is still looking for a buyer of its facilities not part of the DFA deal.
In 2015, Dean Foods closed its processing plant in Rochester. 138 workers lost their jobs.
Click here to read the news coverage from WPTA-TV.