(Dallas, TX) — The largest milk processing company in America is reporting they have been sold to the largest dairy cooperative. Dean Foods has been sold to Dairy Farmers of America for the disclosed price of $425 million. The Wall Street Journal is reporting the Kansas City, Kansas based agricultural cooperative will take over the bulk of Dean Foods plants, following the top U-S milk company’s bankruptcy filing in November. The deal would require the Justice Department and bankruptcy court approval, but it would maintain the market for milk, according to a news release by the Dairy Farmers of America. The dairy cooperative would assume Dean Food’s liabilities as part of the deal to acquire 44 of the company’s facilities, as well as other assets. Nothing was specifically mentioned about the Le Mars milk processing plant.
