Dean Foods Explores Sale of Morningstar

As part of its regular evaluation for maximizing company value, Dean Foods recently decided to explore a transaction that may result in the sale of its Morningstar business.

 

Morningstar Foods is a leading warehouse delivery dairy business that produces and sells traditional and specialty items, including cultured dairy products, ice cream mixes, coffee creamers, aerosol whipped toppings, traditional and value-added milks, and blended iced beverages to retailers and foodservice providers nationwide.

 

Dean Foods said it has not yet identified a buyer for Morningstar, but believes the business possesses an attractive portfolio in a growing marketplace and a top-notch management team. The company also stated it intends to sell the Morningstar business only if it can do so in a transaction that maximizes shareholder value and helps ensure the future success of the business.