Dollar general plus stores will be gone in the next couple weeks
Response to Corona Virus - Where do you see us a month from now - what's the impact on Dean Foods
Any opinions? Discuss it here?
Bankruptcy filing
Any one know why the epiq site is not pulling up the bankruptcy docs ?
Potential buyers
Does anybody know if Dean Foods has even considered an overseas buyer!? Curious to know!
Berkeley Closure?
Rumor around the plant today is we've been told we're closing. Anyone else hear that? Was the WARN given or are we just counting down the days now until it is?
Warehouse only?
Any word on which satellite location to getting shafted? For example you're a satellite location you delivered to grocery stores. But dfa decided that your unnecessary and they're going to let your whole facility go. So now the grocery store will get... — read more
Town Hall
Anyone got the number and passcode?
DFA and Unions: must abide section 1113 bankruptcy code
Source: (or lookup the code) https://www.law.cornell.edu/uscode/text/11/1113
Drivers
What happens to drivers at plants that were not purchased (Miami)
Why Don’t Dean Employees Buy It Out!
$426,000,000 divided by 15,000 employees is $28,400 per employee. Then run it as employees choose. Wonder how much employees could save?
Fellow Teamster from the creamery!!
I am a teamster with Dean's. we would like to know what to expect if dfa does take over. any major changes to health care ?pension? Pay scales ? Working conditions? Thanks in advance to any input. Lot of nerves on edge right now
To soon to celebrate
DFA’s stalking horse bid sets the floor price of the sale of Dean, the country’s largest milk producer, to prevent low-ball offers ahead of its April 13 deadline and potential auction set for April 20. If Dean, headquartered in Dallas, accepts a... — read more
Central States Pension Liability?
Will DFA will assume all liabilities like the over $800 million Central States pension liability? If so they really would be paying $1.225 billion?
This DFA deal is bad
44 plants and all the stuff that goes with them for 425 million dollars? That's 9.7 million dollars per plant. That's dirt cheap. When Deans filed bankruptcy and reported they were talking to DFA the lawyer for the bondholders protested. He stated... — read more
Interesting
Under the deal, Dairy Farmers of America also agreed to make job offers to Dean Foods workers at the 44 facilities. Dean Foods has about 15,000 employees nationwide.
My plant was not included...
My guess is DFA took the most populated cities, and left the rural ones to fend for themselves. I can't fault them it makes sense. Also in looking at the 2 other big milk companies that I know of, they pulled out of the cities that were already... — read more
Still not drinking the Trumoo
Who feels more secure about this deal? Honestly it looks good on paper but if it goes through do you really think dfa wants to keep all 44 plants online when milk consumption has been in decline ?. Also what will happen to locations that have been... — read more
DFA goes for the buy
I guess everybody got that list of what plants are going to be shut down and which ones are not. Which one's got bought and which ones did not get bought not too sure which one of the unions and which ones are not. Prior to working at Dean Foods was... — read more
QUESTION: WHAT WILL HAPPEN TO COLLECTIVE BARGAINING UNITS (UNION PLANTS)
Does anyone know what will happen to the union agreements on DFA acquired plants (assuming it goes through)? Can they/will they kick out the Unions? Also, what is your personal opinion on the unions? Would you like to see the unions remain or be... — read more
Locations Included / Not Included in APA
Dean Foods Facilities / Locations Not Included in APA Total = 16 (28%) AL – Homewood/Birmingham, AL (Fluid) CA – Hayward, CA FL – Miami, FL HI – Hilo, HI HI – Honolulu, HI IL – O’Fallon... — read more
Meet the new boss: DFA (Dairy Farmers of America)
https://www.cnbc.com/2020/02/17/dairy-farmers-of-america-agrees-to-buy-dean-foods-americas-biggest-milk-producer-for-425-million.html
Berkeley Farms in California closing?
DFA does not want them. Not included in deal. I thought someone on here was beating their chest like King Kong bragging how they are modern and great????
Did your plant make the list link in post
https://deanfoodsrestructuring.com/wp-content/uploads/2020/02/DF-List-of-Entities-Involved-in-DFA-Asset-Purchase-Agreement.pdf
Sinking ship
DFA will acquire 44 of the Company’s fluid and frozen facilities and the real estate, inventory, equipment, and all other assets necessary to operate such facilities (the “Stalking Horse Assets”).
Should the government take over? link to full story
How did Dean Foods get into this mess? Yes, there has been a decrease in the overall consumption of dairy milk as people buy soy, almond and pecan varieties. While true, this is only part of the story. A complete telling of Dean’s financial ruin... — read more
Teamsters file objection
To dean's 37 million stip and kerp compensation.also 2 new court dates March 30 and April 22 omnibus hearings
Borden Dean merger???
Borden and Dean met for 30 minutes and couldn’t come to an agreement. Google dean foods
Mmmmmmm meeting next week.
So does the mandatory group driver meeting next week. anybody else have a meeting next week on Wednesday? . Wondering what this is going to be about the safety update? The future D food?
2 questions
First, if Dean and DFA already have a failed past and a rocky current relationship, how will DFA make any money bottling and selling milk without lowering the price it pays for members’ milk it hopes to bottle? Secondly, who exactly is DFA going... — read more
Interesting
Dean Foods Shareholders Ask For Ch. 11 Committee
Court hearings
So did anything come out of todays hearing?? Im no expert but I don't see anything that means anything. Stock did not nose dive so guess business as usual? How long can they survive? Not one change at my plant way too much overtime and way too many... — read more
New 8-K on Company website
Feb 10th was the deadline for company to notify court of planned sale or to file a plan detailing the planned restructure of the company. Deadline has been extended to Feb 24.
How much longer is this gonna go on?
Honestly Im ready for the place to close but dont want to be that guy who left a good paying job. Im not a vet so i dont have any infatuation that some of you older guys have for the milk industry. Im just ready to move on with my life already
Berkeley Farms is the most modern milk plant in California.
Odds are a new owner will buy them out and continue business as usual. The competitors have run down outdated facilities and are not equipped to produce the volume they turn out. But folks we need to be honest here, Deans is just another company... — read more
Feb10th Court doc.
CEO Scozzafava provided an update on the potential sale of the company “It’s very possible that we won’t do anything, and we’ll continue to execute the plan that we have, which we’re very happy with, and we’ll continue to make progress on it.”... — read more
No deal in sight
Dairy Farmers of America Inc. said its plan to buy Dean Foods Co. assets is taking longer than expected because of the “complicated” nature of the business.
Could a Government Bailout Be Possible?
With milk being still a necessary product in schools, hospitals, military and other institutions. Seeing the government offer dollars to the farmers for supplements during the China tariffs trade war, I cant help but think that a offer to assist the... — read more
Deferred Compensation - Are you kidding me?
Today the tone-deaf HR leadership of Dean sends a note advising employees that they have the option of deferring a portion of their 2019 STI bonus. Fascinating bit of news since there are many, many dean foods employees who had deferred comp... — read more
Is my Dean Foods pension safe?
What are your thoughts on pensions?
Feb 12 ....its coming
What's going to happen any details? Does anybody know news has been super quiet about this. Possible DF could last till 2021?