An interested party reached an agreement in principle to acquire Hilo facility and distribution branches in Big Island, Kauai and Maui of Dean Foods Company (OTCPK:DFOD.Q) on April 13, 2020. An interested party entered into an asset purchase agreement to acquire Hilo facility and distribution branches in Big Island, Kauai and Maui of Dean Foods Company on April 22, 2020. The deal includes sale of Dean Foods' Hilo facility as an ongoing business and related distribution branches on the Big Island, Kauai and Maui, as well as the Meadow Gold Hawaii brand name and related intellectual property. Pursuant to the agreement, an interested party will acquire the assets, rights, interests and properties relating to Dean Foods' Meadow Gold Hawaii business with the exception of the Honolulu facility. An interested party intends to continue the plant's operations of the Hilo facility and maintain the Meadow Gold Hawaii brand name. The agreement is subject to final approval by the Bankruptcy Court. Brian Resnick, Louis Goldberg, Harold Birnbaum, Steven Szanzer, Arthur Burke, Hilary Dengel, Jeffrey Crandall and Elliot Moskowitz of Davis Polk & Wardwell LLP and Norton Rose Fulbright acted as legal advisors, Evercore Group L.L.C. acted as investment banker and Alvarez & Marsal acted as financial advisor to Dean Foods Company in the transaction.