Dean Foods wraps up sale of Miami facility to Mana Saves McArthur

Dean Foods, a US food and beverage company, has wrapped up the previously announced $16.5 million sale of its facility in Miami, Florida to Mana Saves McArthur.

With the closing of the deal, Dean Foods has wrapped up all of its previously announced sales. In the next few weeks, the company plans to file a chapter 11 plan that will govern, among other things, the distribution of proceeds from the sale and the rights and treatment of all claims against it.

Dean Foods expects that the plan will offer for the full payment of all administrative expense claims in various months as proceeds continue to come into the company’s estate, including from the collection of receivables, the receipt of tax refunds, and the monetization of its remainder assets.

Earlier this month, Dean Foods closed the sales of almost all of its assets, including the sale of the assets, rights, interests and assets relating to 44 of its fluid and frozen facilities, to subsidiaries of Dairy Farmers of America.

Dean Foods wraps up the sale of Miami facility to Mana Saves McArthur. Image courtesy of Adam Radosavljevic from Pixabay.

On 1 May 1, Dean Foods also closed the sale of the assets, rights, interests and assets relating to eight facilities, a couple of distribution branches, and some other assets to Prairie Farms Dairy, and the sale of its facility located in Reno, Nevada to Producers Dairy Foods.

Prior to that, on 30 April, the company wrapped up the sale of its Uncle Matt’s business to Harmoni and the sale of its Hilo facility and related distribution branches on the Big Island, Kauai and Maui, and also a license to the Meadow Gold Hawaii brand name and associated intellectual property to MGD Acquisition.

Dean Foods had also previously closed the sale of its Berkeley Farms trademark and associated intellectual property to Producers Dairy Foods.