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Dean Foods Company (“Dean Foods” or the “Company”) today announced that it and certain of its subsidiaries have entered into an asset purchase agreement with Dairy Farmers of America (“DFA”) through which DFA will acquire a substantial portion of Dean Foods’ business operations. Pursuant to the agreement, if consummated, DFA will acquire 44 of the Company’s fluid and frozen facilities and the real estate, inventory, equipment, and all other assets necessary to operate such facilities (the “Stalking Horse Assets”).
Associated Wholesalers, Inc. (AWI), Robesonia, Pa., entered into an asset purchase agreement with C&S Wholesale Grocers, Keene, N.H., in which C&S will acquire substantially all of AWI's assets, including its White Rose distribution business.
Quantum Foods, LLC, Bolingbrook, Ill., received bankruptcy court approval of its entry into a fully-executed asset purchase agreement with Raging Bull Acquisition Company LLC.
Contessa Premium Foods, Inc. closed Chapter 11 bankruptcy proceedings, marking the conclusion of its 2-year bankruptcy process that resulted in the sale of its operating businesses and the payment of Contessa’s creditors in full.
Poultry giant Pilgrim's Pride Corporation, Pittsburg, Texas, and several of its subsidiaries will file a joint plan of reorganization and disclosure statement under Chapter 11 of the Bankruptcy Code.
Prepared meats and sandwich processor Pierre Foods Inc., Cincinnati, said it successfully emerged from Chapter 11 bankruptcy reorganization and that it hired William Toler as chief executive officer.
Pilgrim's Pride Corp., the nation's largest chicken producer, filed for Chapter 11 bankruptcy protection on Monday, Dec. 1, reported the Associated Press.
