Moishe Mana won an auction to acquire McArthur Dairy assets in Florida from Dean Foods Company (OTCPK:DFOD.Q) for $16.5 million on March 31, 2020. The parties entered into an agreement on March 31, 2020. The purchase includes the processing plant for McArthur Dairy is at 6821 N.E. Second Ave. in Miami, 4.73-acre site has 116,987 square feet of buildings and distribution centers in West Palm Beach and Fort Myers. The transaction is subject to the approval of the Bankruptcy Court and other customary closing conditions. U.S. Bankruptcy Court for the Southern District of Texas has approved the sale. The transaction is expected to close in 30 days. As of April 4, 2020, the transaction is expected to close by early May 2020. Evercore Inc. (NYSE:EVR) and Alvarez & Marsa acted as financial advisor to Dean Foods Company. Louis Goldberg, Brian Resnick and Harold Birnbaum of Davis Polk & Wardwell LLP and Norton Rose Fulbright acted as legal advisors for Dean Foods Company. Bruce Fischman of The Fischman Law Firm and Fran Mulmick Parker of Law Offices of Fran Mulnick Parker and Amyn Maskati of M Management, Inc. represented Moishe Mana in the deal.