whats going to happen to Mayfield Dairies, I read where Scotty Mayfield is still owner, is this true?
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Same old story about a Company that had a quality product bought out by a huge hug corporation and then they started changing everything trying to squeeze every dollar they can out of the smaller company in turn ruining the product and by replacing good management with as-----s and there goes what once was a good company producing a good product.
Suzia Foods from Dallas, merged with Dean Foods in around 2003. The result was 2 companies with approximately 2 billion each debt. Both before the merger was racing to be the biggest. CEO Howard Dean from Rockford, Illinois had the best team for the future. They had a very nice R&D facility that was in place to keep up with the times. Originally, the Dean Foods purchase was good for Mayfield Dairy. Suzia mistakes after the merger with Deans were: Too big, too fast, reckless decisions and spending. Mayfield Dairy is still the best out there, but needs an independent owner that can separate them from Dean Foods. If you have an extra 500-700 million(my opinion estimate), you could be the proud owner of a stellar company with great employees!
Mayfield Dairy is on the list of Dean Foods subsidiaries that is bankrupt- all Dean Foods owned businesses are a part of this bankruptcy.
Years ago when Dean Foods was expanding by buying dairies on a regular basis, owners and kids of owners and relatives of the owners frequently continued to work at the dairy after Dean Foods bought it, And then many of those former owners and relatives left when it became obvious that Dean Foods was running the business that the had helped built into the ground. Many had enough money from what Dean Foods paid them to buy their dairy to retire, but had only stuck around for the love of the business.
I found this article very intereseting...........nov 21, 2019 - On November 12, Dean Foods filed for bankruptcy in order to keep running the business. WRCB in Chattanooga sat down and talked to the president of Mayfield Dairy Farms, Scottie Mayfield, who shared some insight into how this decision could affect farms in the Tennessee Valley
Mayfield has been owned by Dean Foods since the mid 1990's.