Dean Foods Company
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Product Details
Dean Foods Company
Certificate Type
Common Stock
Date Issued
May 10, 1983
Canceled
No
Printer
Security-Columbian/United States Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Additional Details
NA
Historical Context
Dean Foods was a food and beverage company and the largest dairy company in the United States. The company's products included milk, ice cream, dairy products, cheese, juice, and teas. It processed milk in the United States under a number of regional and national brands. Founded in 1925, the company filed for Chapter 11 bankruptcy in 2019, and its assets were acquired by several buyers in 2020.
Headquartered in Dallas, Texas, Dean Foods maintained plants and distributors across the United States. The company had 66 manufacturing facilities in 32 U.S. states and distributed its products across all 50 states. Through acquisition and licensing, Dean produced dairy products under many well-known national and regional brand names such as: DairyPure, TruMoo, Friendly's, Mayfield, Dean's, Garelick Farms, Meadow Gold, Purity, Tuscan, T.G.Lee and Alta Dena.
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.
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Additional Information
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