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Dean Foods creates JV to grow the Organic Valley milk brand

Published 11/16/2016, 07:29 AM
Updated 11/16/2016, 07:29 AM
Dean Foods creates JV to grow the Organic Valley milk brand
  • Dean Foods Company (NYSE:DF) and independent farmer cooperative CROPP say they will partner in a strategic joint venture to bring organic milk to retailers through DF's processing plants and refrigerated direct store delivery distribution system.
  • The 50/50 joint venture is being created to serve as a strategic growth platform for both companies. Dean Foods will provide processing services and distribution through its extensive refrigerated distribution network, while Organic Valley will provide a select portfolio of recognized brands and access to an organic milk supply.
  • "Adding Organic Valley to the current lineup of Dean Foods branded dairy products enables Dean Foods to offer retail customers the largest and most comprehensive dairy offering across multiple segments with national brands that consumers know and trust," notes Dean CEO Gregg Tanner.
  • The joint venture is slated to begin processing and shipping Organic Valley products in mid-to-late 2017.
  • Source: Press Release

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