Dean Foods has announced that the Company will contest a complaint filed by the Department of Justice challenging the Company's April 2009 acquisition of Foremost Farms.
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Dean Foods to Vigorously Contest Justice Department Complaint
Says Acquisition of Wisconsin Plants Benefits Farmers and Customers
DALLAS/PRNewswire via COMTEX/ -- Dean Foods (DF) announced that it was contesting a complaint filed today by the Department of Justice challenging its April 2009 acquisition of Foremost Farms. The company believes its acquisition of the DePere and Waukesha, Wis. fluid milk processing plants from Foremost is fully compliant with antitrust laws, and will defend itself vigorously against the complaint.
The company believes that, from the time of the acquisition almost a year ago, this transaction has benefitted Wisconsin dairy farmers by providing a stable and growing outlet for their milk. In addition, the transaction already has produced important cost savings that will benefit customers and spur competition in and around Wisconsin. It promises to deliver even greater customer benefits once the DePere and Waukesha plants are fully integrated into the Dean network.
The company believes an objective judicial review of the facts will reveal that competition is alive and flourishing in Wisconsin.
Source: Dean Foods Press Release
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