I was concerned for our fellow brothers and sisters that work at Hawaii branches when I read they were bought out by realty company. Hopefully they continue milk ops down there.
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Yeah, being purchased by a realty group does not suggest long term operation.
I don’t believe this is accurate. The Hawaii plants koi were sold but not to continue as a milk company. MG Customers in Hawaii were contacted today and told to find a new supplier.
Dean Foods Company ("Dean Foods" or the "Company") today announced that it has reached an agreement in principle under which Industrial Realty Group, LLC will buy Dean Foods' Meadow Gold Hawaii operations as an ongoing business. Pursuant to the agreement, which is subject to final approval by the Bankruptcy Court, Industrial Realty Group will acquire the assets, rights, interests, and properties relating to Dean Foods' Hilo and Honolulu facilities. Industrial Realty Group will be partnering with 8 Cow Dairies, a Hawaii-based company, to manage operations.
"We are pleased to have reached an agreement in principle for our Meadow Gold Hawaii facilities and that Industrial Realty Group intends to continue these facilities on an ongoing basis," said Eric Beringause, President and Chief Executive Officer of Dean Foods. "We are committed to completing this transaction, and our previously announced sales, as quickly as possible, and we thank all of our employees for their continued patience, hard work and dedication."