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DOJ, Dean Foods reach settlement
The Department of Justice has reached a settlement with the nation’s largest dairy processing company, Dean Foods Company.
Under the settlement, Dean will sell a milk processing plant in Waukesha, Wisconsin and other related assets acquired from Foremost Farmers USA Cooperative, including the Golden Guernsey brand name.
The proposed settlement also requires that Dean notify Justice before it makes any acquisition of milk processing plants for which the purchase price is more than three million dollars.
In a news release, DOJ said the settlement will restore competition in the sale of milk to schools, grocery stores, convenience stores and other retailers in Illinois, Michigan and Wisconsin.
Dean Foods stated that it agreed to the settlement because it would be costly to continue and the lawsuit added uncertainty to its business.
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