News

USA: Dean Foods Company to Close Sacramento Milk Plant

Most popular

The just-drinks analyst returns

Heineken must cut costs to aid recovery - analysis

How COVID has accelerated the sobriety trend

Interview - Treasury CEO Mike Clarke - Part II

The just-drinks analyst returns

MORE
Dean Foods Company (NYSE: DF) today announced a decision to close its Sacramento, California milk plant and move production from that facility to its San Leandro, California milk plant and the Berkeley Farms milk plant located in Hayward, California.

The closure will affect approximately 48 hourly and salaried employees at the Sacramento milk plant, and will result in a charge to fourth quarter earnings of approximately $3 million. All affected employees will receive a comprehensive outplacement program including severance, job counseling and extended health benefits.

"Consolidating operations is a necessary step for us to remain competitive within our fluid operations," said Dick Bailey, President and Chief Operating Officer. "This move ensures our ability to continue to serve our customer base from other Dean plants while maximizing our cost competitiveness. This plant consolidation will result in substantially lower operating cost going forward."

Dean Foods is one of the nation's leading dairy processors and distributors producing a full line of branded and private label products, including fluid milk, ice cream and extended shelf life products, which are sold under the Dean's and other strong regional brand names. Dean Foods is the industry leader in other food products including pickles, powdered non-dairy coffee creamers, aseptically packaged foodservice products, and refrigerated dips and salad dressings.

Related Content

Kirin cancels Lion Dairy & Drinks sale to China Mengniu Dairy Co

Kirin cancels Lion Dairy & Drinks sale to China Mengniu Dairy Co...

Kirin set to offload Lion Dairy & Drinks

Kirin set to offload Lion Dairy & Drinks...

Molson Coors Beverage Co to launch probiotic seltzer & nootropic in non-alc push

Molson Coors Beverage Co to launch probiotic seltzer & nootropic in non-alc push...

How mood-boosting foods and drinks can capitalise on COVID-19 - analysis - FREE TO ACCESS

How mood-boosting foods and drinks can capitalise on COVID-19 - analysis - FREE TO ACCESS...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?