Dean Foods announced that it has completed the previously announced sale of its Uncle Matt’s business to Harmoni. The company also completed the sale of its Hilo facility 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, LLC. Dean Foods 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,” said Eric Beringause, President and CEO of Dean Foods. “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.”
Additional information is available on the restructuring page of the Company’s website, DeanFoodsRestructuring.com (http://deanfoodsrestructuring.com).