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Dean Foods, largest milk producer in U.S., files for bankruptcy

America’s largest milk producer, Dean Foods, has filed for chapter 11 bankruptcy in an effort to keep the 94-year-old company operating. The filing will also allow it to reorganize its debt and help fund workers’ pensions.

The company makes some of the country’s most recognizable milk and dairy products, including Land O’Lakes, Dairy Pure, and Organic Valley.

Dean Foods says it is working with the Dairy Farmers of America Cooperative on a potential deal, in which the cooperative would buy most of the company.

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Categories: BusinessNews