01.22.10

Comment On The Department Of Justice’s Lawsuit Against Dean Foods

“I am pleased that the Department of Justice has moved forward to block a portion of Dean Foods’ acquisition of Foremost Farms.  I have had concerns about the impact of this and similar acquisitions on the already hurting dairy industry.  The Department is following through with its pledge to examine market consolidation in the dairy industry, where farmers have been hit by sinking prices while milk processors and distributors are posting increased profits.  It is appropriate for the Department to examine this acquisition closely, particularly at a time when dairy farmers are hurting, and dairy companies are not passing on savings to consumers.”

In September, Leahy chaired a field hearing of the Senate Judiciary Committee in St. Albans, Vermont, to examine the state of competition and sustainability in the dairy industry.  At the hearing, Christine Varney, the Assistant Attorney General for the Antitrust Division at the Department of Justice, testified about the Department’s interest in ensuring competition in the marketplace. 

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Press Contact

David Carle: 202-224-3693