DALLAS, Texas — Dallas-based milk processor Dean Foods announced it and substantially all of its subsidiaries have initiated voluntary Chapter 11 reorganization proceedings in the Southern District of Texas. The company intends to use this process to protect and support its ongoing business operations and address debt and unfunded pension obligations while it works toward an orderly and efficient sale of the company.
The company has a milk plant in Le Mars, which it purchased from Wells Enterprises in January 2008.