date:Dec 04, 2012
Dean Foods Company announced that it has entered into a definitive agreement to sell its Morningstar Foods division to Saputo Inc. for US$1.45 billion. Morningstar Foods is a leading manufacturer of dairy and non-dairy extended shelf-life and cultured products, including creams and creamers, ice cream mixes, whipping cream, aerosol whipped toppings, iced coffee, half and half, value-added milks, sour cream and cottage cheese. The agreement has been approved by the Company's Board of Directors.