Who Could Buy Dean Foods?
Dean Foods, once the largest milk processor in the U.S., spent most of 2018 selling or closing plants as a way to consolidate their supply chain and reset their cost structure. There has been speculation that the company was for sale, and it seems a suitor may be ready to make an offer.
Montreal-based Saputo, one of the world’s largest dairy companies, is interested in buying Dean Foods, according to a report in Deli Market News. Saputo has been acquiring companies across the dairy food chain in recent months, including Dairy Crest in Europe, F&A Dairy Products in the U.S. and Woolwich Dairy in Canada, among others. The company is also considered in the hunt for Breakstone’s, a sour cream and cottage cheese brand offered by Kraft Heinz.
Currently Saputo is listed as the 8th largest dairy company in the world with $10.8 billion in sales in 2017, according to the RaboResearch Global Dairy Top 20 report. Dean Foods was listed three spots lower in the report at number 11 with $7.5 billion in sales.
For more information on Dean Foods and it’s market actions in 2018, see the articles below: