Dean to acquire Santee Dairies
April 14, 2009
by FoodBusinessNews.net Staff
SAN BERNARDINO, CALIF. — Dean Foods is set to acquire Santee Dairies as Starter Bros. Holdings, Inc. has agreed in principle to the sale of the dairy business.
"The future growth of Santee Dairies’ products was limited because most potential customers are competing supermarket chains that already operate their own dairies and have been advised by their parent corporations not to purchase products other than Knudsen fluid milk and Arnold Palmer Tee from Santee Dairies, which they feel would help with the expansion of Starter Bros. Markets," said Jack H. Brown, chairman, president and chief executive officer of Starter Bros. Holdings. "At Starter Bros., we try to do the right thing for the right reason. The right thing is to sell Santee Dairy to Dean Foods, America’s largest dairy, to ensure the continued growth of Santee. The right reason is to protect the future of the Santee family of employees."
The transaction is expected to be completed within the next few months.