Contract Of Sale Template Reasons Why Contract Of Sale Template Is Getting More Popular In The Past Decade

DALLAS–(BUSINESS WIRE)–Dean Foods Aggregation (“Dean Foods” or the “Company”) today appear that it has accomplished an acceding in assumption beneath which Industrial Realty Group, LLC will buy Dean Foods’ Meadow Gold Hawaii operations as an advancing business. Pursuant to the agreement, which is accountable to final approval by the Defalcation Court, Industrial Realty Group will access the assets, rights, interests, and backdrop apropos to Dean Foods’ Hilo and Honolulu facilities. Industrial Realty Group will be partnering with 8 Cow Dairies, a Hawaii-based company, to administer operations.



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“We are admiring to accept accomplished an acceding in assumption for our Meadow Gold Hawaii accessories and that Industrial Realty Group intends to abide these accessories on an advancing basis,” said Eric Beringause, President and Chief Executive Officer of Dean Foods. “We are committed to commutual this transaction, and our ahead appear sales, as bound as possible, and we acknowledge all of our advisers for their connected patience, adamantine assignment and dedication.”



As ahead appear on March 31, 2020, Dairy Farmers of America was called the acceptable applicant to access the assets, rights, interests, and backdrop apropos to 44 of Dean Foods’ aqueous and arctic facilities. In addition, Dean Foods appointed Prairie Farms Dairy as the champ of the assets, rights, interests, and backdrop apropos to eight added facilities, two administration branches and assertive added assets. Mana Saves McArthur, LLC, and Producers Dairy Foods were appointed as acceptable bidders for the auction of the accessories amid in Miami, Florida and Reno, Nevada, respectively. Harmoni, Inc. was appointed as the acceptable applicant for the Uncle Matt’s business. All agreements are accountable to cloister approval and assertive added closing conditions. Accountable to Defalcation Cloister approval, the affairs are accepted to abutting at the end of April 2020.



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Added advice is accessible on the restructuring folio of the Company’s website, DeanFoodsRestructuring.com. In addition, Cloister filings and added advice accompanying to the affairs are accessible on a abstracted website administered by the Company’s claims agent, Epiq Defalcation Solutions LLC, at https://dm.epiq11.com/case/southernfoods/dockets, or by calling Epiq assembly toll-free at 1-833-935-1362 or 1-503-597-7660 for calls basic alfresco of the U.S.

Davis Polk & Wardwell LLP and Norton Rose Fulbright are confined as acknowledged admiral to the Company, Evercore is confined as its advance broker and Alvarez & Marsal is confined as its banking advisor.

About Dean Foods

Dean Foods is a arch aliment and cooler aggregation and the better processor and direct-to-store benefactor of beginning aqueous milk and added dairy and dairy case articles in the United States. Headquartered in Dallas, Texas, the Dean Foods portfolio includes DairyPure®, the country’s aboriginal and better fresh, civic white milk brand, and TruMoo®, the arch civic flavored milk brand, alternating with acclaimed bounded dairy brands such as Alta Dena®, Berkeley Farms®, Country Fresh®, Dean’s®, Friendly’s®, Garelick Farms®, LAND O LAKES®* milk and able products, Lehigh Valley Dairy Farms®, Mayfield®, McArthur®, Meadow Gold®, Oak Farms®, PET®**, T.G. Lee®, Tuscan® and more. Dean Foods additionally has a collective adventure with Amoebic Valley®, distributing beginning amoebic articles to bounded retailers. In all, Dean Foods has added than 50 national, bounded and bounded dairy brands as able-bodied as clandestine labels. Dean Foods additionally makes and distributes ice cream, able products, juices, teas, and bottled water. Approximately 15,000 advisers beyond the country assignment every day to accomplish Dean Foods the best admired and trusted provider of wholesome, great-tasting dairy articles at every occasion. For added advice about Dean Foods and its brands, appointment www.deanfoods.com.

*The LAND O LAKES cast is endemic by Land O’Lakes, Inc. and is acclimated by license. **PET is a brand acclimated by license.

Forward-Looking Statements

This columnist absolution includes “forward-looking statements” aural the acceptation of the Clandestine Securities Litigation Reform Act of 1995. All statements, added than statements of absolute facts, included in this absolution that abode activities, contest or developments that the Aggregation expects, believes, targets or anticipates will or may action in the approaching are advanced statements. The Company’s absolute after-effects may alter materially from those advancing in these advanced statements as a aftereffect of assertive risks and added factors, which could accommodate the following: risks and uncertainties apropos to the Company’s Chapter 11 cases (the “Chapter 11 Case”), including but not bound to, the Company’s adeptness to access defalcation cloister approval with account to motions in the Chapter 11 Case, the Company’s adeptness to able the planned auction of the business pursuant to the Chapter 11 Case and, if consummated, to access an able price, the furnishings of the Chapter 11 Case on the Aggregation and on the interests of assorted constituents, defalcation cloister rulings in the Chapter 11 Case and the aftereffect of the Chapter 11 Case in general, the breadth of time the Aggregation will accomplish beneath the Chapter 11 Case, risks associated with third-party motions in the Chapter 11 Case, the abeyant adverse furnishings of the Chapter 11 Case on the Company’s clamminess or after-effects of operations and added acknowledged and added able costs all-important to assassinate the Company’s reorganization; the altitude to which the Company’s debtor-in-possession costs is accountable and the accident that these altitude may not be annoyed for assorted reasons, including for affidavit alfresco of the Company’s control; the after-effects of the dispatch of our debt obligations; as able-bodied as added accident factors set alternating in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. Additionally, there can be no assurances that the sales of assets will accept authoritative approval or that any auction will be auspiciously consummated. The Aggregation accordingly cautions readers adjoin relying on these advanced statements. All advanced statements attributable to the Aggregation or bodies acting on the Company’s account are especially able in their absoluteness by the above cautionary statements. The Aggregation especially disclaims any obligation or adventure to absolution about any updates or revisions to any such statements to reflect any change in its expectations with attention thereto or any changes in the events, altitude or affairs on which any such account is based except as appropriate by law.

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Last Updated: April 27th, 2020 by admin
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