US dairy firms Dean Foods and Borden Dairy Company have both recently field for Chapter 11 bankruptcy, but Bloomberg reports no potential merger is on the cards.

According to Bloomberg’s correspondence with Borden Dairy, the news agency wrote last Friday (14 February) that the milk processor had told Dean Foods “it doesn’t intend to pursue a transaction and it anticipates no further discussions with Dean on the topic”.

Bloomberg continued that Borden Dairy had held “30-minute talks” with Dean Foods but the meeting “amounted to nothing more than unrealistic musings of a possible combination”.

Dean Foods declined to comment when contacted by just-food, and Borden Dairy had yet to reply to a request for comment at the time of writing.

Dallas-based Dean Foods, a fresh milk and private-label manufacturer and the owner of brands such as DairyPure and TrueMoo, filed for Chapter 11 in November. The previous February, the company had announced a strategic review but months later revealed it had decided to press head with an internal transformation programme rather than pursue a sale or joint venture.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See Also:

And when Dean Foods announced Chapter 11 in November, it flagged a potential deal with the US cooperative Dairy Farmers of America but so far nothing has materialised. just-food has also approached the co-op for an update of proceedings.

Borden Dairy, also based in Dallas, filed for bankruptcy this January when chief executive Tony Sarsam said “the company continues to be impacted by the rising cost of raw milk and market challenges facing the dairy industry”.

See just-food’s analysis: Dean Foods left with little wiggle room after ruling out sale