On April 4, the U.S. Bankruptcy Court for the Southern District of Texas has approved the sale, subject to entry of final agreed orders, of a substantial portion of Dallas, Texas-based Dean Foods’ business operations, including the sale of the assets, rights, interests and properties relating to 44 of the company’s fluid and frozen facilities, […]
Tag: Eric Beringause
Posted inDairy News, Home Page Slider, Southwest
Dairy Farmers Of America To Purchase Majority Of Dean Foods’ Assets
Dean Foods Co. announced March 31 that, following a comprehensive sale process and a competitive auction as part of its Chapter 11 process, Dairy Farmers of America (DFA) has been named the winning bidder to acquire a substantial portion of Dean Foods’ business operations. Pursuant to the agreement, which is subject to final approval by […]
Posted inDairy News, Home Page Slider, Perishables, Southwest, Suppliers
Court Approves $850 Million In DIP Financing For Dean Foods
The U.S. Bankruptcy Court for the Southern District of Texas has entered a final order granting Dallas, Texas-based Dean Foods Co. authority to access the full amount of its $850 million in debtor-in-possession (“DIP”) financing. The company previously had received interim approval from the court to access up to $475 million of the DIP financing. […]
Posted inDairy News, Home Page Slider, Southwest, Suppliers
Dean Foods Initiates Voluntary Reorganization With DIP Financing
Dallas, Texas-based Dean Foods Co. and substantially all of its subsidiaries have initiated voluntary Chapter 11 reorganization proceedings in the Southern District of Texas. The company intends to use this process to protect and support its ongoing business operations and address debt and unfunded pension obligations while it works toward an orderly and efficient sale of […]
Posted inGrocery News, Dairy News, Executive News, Southwest, Suppliers
Dean Foods Appoints Eric Beringause As President, CEO
Dallas, Texas-based Dean Foods Co. has appointed Eric Beringause president and CEO and a member of the Dean Foods Board of Directors, effective July 29. Beringause succeeds Ralph Scozzafava, who has stepped down as CEO and resigned from his position on the board. Beringause has more than 30 years of transformational leadership and operational experience […]