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Melody Farms changes hands; Dean Foods buys George family dairy.(News)
Crain's Detroit Business, June, 2003 by Strong, Michael
Byline: Michael Strong Melody Farms L.L.C., a prominent dairy products company built by businessman Michael George, was sold last week to Dallas-based Dean Foods Co. Terms were not disclosed. Rodney George, Melody Farms president and CEO, confirmed the sale was completed to Dean Foods (NYSE: DF).
But he declined to comment whether the family will have a role in the company or if changes will take place within the company. He referred all questions to Dean Foods. Amy Barker, director of corporate communications for Dean Foods, said she could not confirm the sale. Ed Eberle, president of Seizert Hershey & Co. L.L.C., an investment-research firm in Bloomfield Hills, estimated the acquisition price between $40 million and $50 million. He said the deal...
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