Schreiber Foods buys Dean Foods yogurt business

Schreiber Foods today announced it has entered into a purchase agreement to acquire American dairy giant Dean Foods’ customer-brand yogurt business. The acquisition is expected to close in the first quarter of 2011. Mike Haddad, Schreiber’s president and chief executive officer, says, “We’re thrilled about this opportunity to expand our rapidly growing yogurt business. Yogurt is a dynamic and exciting category that will play an integral role in Schreiber’s mission to be the world’s leading customer-brand dairy company. This acquisition will enable us to create additional value for our customers by offering a coast-to-coast network of yogurt production and distribution facilities.”
The proposed acquisition includes production facilities in Fullerton, California, and Richland Center, Wisconsin, as well as yogurt production assets from Dean Foods’ facility in Friendship, New York. Further details of the transaction were not disclosed.
Schreiber is an employee-owned US dairy company with annual sales of more than $4 billion. Schreiber sells its products – which include cream cheese, natural cheese, process cheese and yogurt – to leading retailers, restaurants, distributors and food manufacturers around the world. Schreiber has manufacturing, distribution and sales facilities in the United States, Austria, Brazil, China, Germany, India, Mexico and Uruguay.