Here is a link of plants listed. Scroll down once you get there. Is your plant one of the 16?
https://ir.deanfoods.com/node/22621/html
12 replies (most recent on top)
Meadow gold dairy in Englewood,Co is not profitable and is a aging money-pit with incompetent management that shouldn't be in charge a box of crayons let alone a dairy. Its a matter of time before we have a major recall. As we speak for over a month straight we haven't been able to finish the production week until Monday afternoon. constant break down,and stupid decisions left and right.our boiler have to be manually filled with water every 25 mins or we lose heat to HTST, or C.I.P systems. its getting pathetic.
LeMars is the most profitable plant and the workers are making $20 per hour
If you reply make sure your information is accurate. Berkeley Farms has always had a lot of potential to be highly profitable and they have always met profit requirements. Right now they are doing very good. So yes it appears that the 16 plants listed are the profitable plants. I know Florida is profitable as well, so is Texas. But with that said Corporate has mismanaged everything for years. We just have to see where the chips will land.
I work at one of the 16 listed. Does this mean that we are closing those?
Someone said the ones that are used as collateral are probably the most profitable....not true...Berkeley hasn't made money in years and model is basically break even
It doesn't matter who's on the list or not its still not good. Dean Foods defaults and the banks take over it will disrupt the entire operation. Deans gives up all of Florida and a large chunk of the West Southwest of the US. The remaining plants are to few and spread too far to cover that loss.
Ones put up for collateral are probably the most profitable. Value based upon cash flow times a multiple (5x?).
At least we know Wal-Mart won't be building a new plant anytime soon. Things are finally stabilizing.
So I would think not listed as collateral could be good cause Ralph may let banks have those listed take them in turn for the cash he can put in his pocket and try to move rest of the plants into a profit?
So not listed for collateral is bad or good ?
I would think those are plants not being sold. If they sell one of the 16 $ goes straight to bank so they don’t get to use it anymore.
Le Mars plant was spared. And would be sold outright back to Wells in a bankruptcy or company sale
Well I see all three Florida plants have been put up. Looks like we will be leaving the Dean Foods family real soon.