Industrial Realty Group, LLC agreed to acquire Meadow Gold Hawaii Business of Dean Foods Company (OTCPK:DFOD.Q) for $25.5 million on March 30, 2020. Pursuant to agreement, Industrial Realty Group, LLC will buy Dean Foods’ Meadow Gold Hawaii operations as an ongoing business which includes the assets, rights, interests, and properties relating to Dean Foods’ Hilo and Honolulu facilities. Industrial Realty Group will be partnering with 8 Cow Dairies, a Hawaii-based company, to manage operations. In a related transaction, Dean Foods announced winning bidders for certain agreements which include Dairy Farmers of America for 44 of Dean Foods’ fluid and frozen facilities, Prairie Farms Dairy for eight additional facilities, two distribution branches and certain other assets, Mana Saves McArthur, LLC for Miami facility, Producers Dairy Foods for Reno, Nevada facility and Harmoni, Inc. for the Uncle Matt’s business. The transaction is subject to customary closing conditions including approval by the Bankruptcy Court. As of April 4, 2020, the transaction is approved by US Bankruptcy Court for the Southern District of Texas. Dean Foods anticipates completing all transactions by early May 2020. Brian M. Resnick and Steven Z. Szanzer of Davis Polk & Wardwell LLP and William R. Greendyke and Jason L. Boland of Norton Rose Fulbright acted as legal advisors to Dean Foods. Evercore and Brian Fox of Alvarez & Marsal is acted as financial advisors to Dean foods. Jerry A. Brown of Fainsbert, Mase, Brown & Sussman and David B. Stratton of Pepper Hamilton LLP acted as legal advisor to Industrial Realty.