Dean Foods exploring Morningstar sale
Dean Foods confirmed it is exploring the potential sale of its Morningstar business.
In a statement posted on its website, Dean did not identify a buyer for Morningstar, “but believes the business possesses an attractive portfolio in a growing marketplace and a top-notch management team. The company only intends to sell the Morningstar business if it can do so in a transaction that maximizes shareholder value and helps ensure the future success of the 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 previously announced the spinoff of its WhiteWave unit, filing a registration statement for an initial public offering of common stock.