The story
Founding
Dean Foods was founded by Samuel E. Dean Sr., who owned an evaporated milk processing facility in Franklin Park, Illinois, in the 1920s. After purchasing other Illinois dairy plants Dean developed the enterprise "from a small regional dairy into a diversified food company".
Acquisition and growth
In December 2001, the legacy brand of Dean Foods was acquired by the Dallas-based Suiza Foods Corporation, who later adopted the Dean Foods name. As part of the merger, 11 plants were divested under the name National Dairy to a group led by Dairy Farmers of America. In the first quarter of 2010 the company moved to the Cityplace district of Dallas, Texas.
Bankruptcy
In November 2019, Southern Foods Group, LLC d/b/a Dean Foods, and forty-two affiliated companies filed for Chapter 11 Bankruptcy in the United States District Court for the Southern District of Texas on November 12, 2019. The company cited the decline in consumption of cow's milk products; rendering them unable to meet their debt and pension obligations. The company stated that they were working with potential buyers for the company's assets. The cooperative Dairy Farmers of America was specifically named as a potential buyer. In 2020, all of Dean's assets were acquired by several companies. The largest share of assets was purchased by Dairy Farmers of America for $425 million.
From Wikipedia’s article on Dean Foods, shared under CC BY-SA 4.0.4
