Dean Foods sells operations in Spain and Portugal
August 09, 2006
by FoodBusinessNews.net Staff
DALLAS — Dean Foods Co. has entered into an agreement to sell its Iberian operations to Lactogal Productos Alimentares S.A., a leading dairy producer in Portugal and Spain. The company expects the sale to be completed by the end of the year, pending Portuguese regulatory approvals.
In its latest fiscal quarter, Dean took a $46.4 million impairment charge for the reclassification of the Iberian operations as discontinued. The reclassification was in preparation for the sale of the business, which was the final piece of the company’s overall plan to focus on its core, highest opportunity businesses.