Jack Brown, chairman, president and CEO of Stater Bros. Holdings, Inc. saidStater Bros.
Markets, completed the sale ofSantee DairiestoDallas-based Dean FoodsInc.
Said Brown, "The future growth of Santee Dairies products was limited because most potential customers are competing supermarket chains that already operate their own dairies.
"At Stater Bros., we try to do the 'Right Thing ... for the Right Reason.' The right thing is to sell Santee Dairies to Dean Foods to ensure the continued growth of Santee. The right reason is to protect the future of the Santee 'Family' of Employees."
Dean Foods sells products under more than 50 familiar local and regional brands. It manufactures products in more than 100 facilities in 40 states and employs more than 26,000 people.
Brown concluded, "This sale was clearly the best decision for the future growth of Santee Dairies. Stater Bros. Markets will continue to purchase Santee's fine dairy products, including Stater Bros. Milk, ValuTime Milk, Knudsen Milk, and Arnold Palmer tea products."
Stater sells Santee Dairies to Dean Foods
October 15, 2009