Sara Lee Frozen Bakery has signed a definitive agreement to acquire Spokane, Washington-based pie maker Cyrus O’Leary’s Pies. The transaction is the latest in a series of initiatives at Sara Lee Frozen Bakery aimed at growing its presence in the in-store bakery (I.S.B.) category, which began last August with the acquisition of Superior Cake Products, Inc.
Dean Foods Company and some of its subsidiaries have entered into an asset purchase agreement with Dairy Farmers of America by which DFA will acquire a substantial portion of Dean Foods’ business operations. If the agreement is approved, DFA will acquire 44 of the Dean Foods’ fluid and frozen facilities and the real estate, inventory, equipment, and all other assets necessary to operate such facilities (aka the “Stalking Horse Assets”).
A $220 million settlement has been reached in a class action lawsuit brought against National Milk Producers Federation (NMPF), Agri-Mark, Inc., Dairy Farmers of America, Inc., and Land O’Lakes, Inc. The lawsuit claimed that an effort known as Cooperatives Working Together (CWT) operated a Herd Retirement Program to reduce milk output in violation of the law.
CAT Squared has become an onboarding partner for the IBM Food Trust, a blockchain-enabled global network of food chain participants that securely connects supply chain data across the ecosystem with trust and transparency.