America's largest milk producer files for bankruptcy

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America's largest milk producer files for bankruptcy

12 November 2019
News
Dean Foods, America's biggest milk producer, filed for Chapter 11 bankruptcy protection Tuesday.

Following the surge in popularity of milk alternatives in recent years, the company's sales have plummeted.

The Dallas-based company is responsible for some of the country's most recognizable brands, including DairyPure, Friendly's and Land O'Lakes. It said in a press release that it plans to use the bankruptcy process to continue running its business, address debt, and pay currently unfunded pensions to its employees.

The 94-year-old company also announced that it plans to look for a buyer. It is in talks with Dairy Farmers of America, Inc., a national milk marketing cooperative owned by thousands of farmers, regarding a potential sale.