Dean Foods completed the previously announced sale of the company’s Uncle Matt’s business to Harmoni. The company also completed the sale of its Hilo facility in Hawaii and related distribution branches on the Big Island, Kauai and Maui, as well as a license to the Meadow Gold Hawaii brand name and related intellectual property to MGD Acquisition. The company anticipates completing all remaining transactions imminently.
“These transactions are great outcomes for our Uncle Matt’s and Meadow Gold Hawaii businesses that will ensure that they can continue to provide the healthy, great tasting products that customers love,” Eric Beringause, president and CEO of Dean Foods, said. “The close of these transactions also marks an important milestone in our court-supervised sale process, and we are focused on swiftly completing the remainder of our previously announced sales. We thank our employees for their continued patience, hard work and dedication as we have worked through this process.”
As previously reported, Alvarez & Marsal is serving as financial advisor to Dean Foods during the company’s sale process and auction as part of its Chapter 11 process.
Dean Foods is a food and beverage company and a processor and direct-to-store distributor of fresh fluid milk and other dairy and dairy case products in the United States.
