Dean Foods Co said it would speed up the closure of up to 15% of its factories.
August 13/Chicago/Reuters -- Dean Foods Co said it would speed up the closure of up to 15% of its factories in the face of increasing competition and falling volumes, as it reported a quarterly loss and warned of more tough times ahead.
Shares of Dallas-based Dean, known for its Meadow Gold and Dean's milk, fell as much as 9% after it said that the current quarter would be the most challenging this year.