Fevella Helps Keep Meadow Gold Hawaiʻi AfloatApril 4, 2020, 3:12 PM HST · Updated April 4, 3:12 PM 4 Comments
Thanks to the efforts of Senate Minority Leader Kurt Fevella (R-‘Ewa, ‘Ewa Beach, Ocean Pointe, ‘Ewa by Gentry, Iroquois Point, and portion of ‘Ewa Villages), Meadow Gold Hawaiʻi will remain in business.
“I would like to thank Industrial Realty Group and 8 Cow Dairies for giving me the opportunity to be involved with this process.” Fevella said in a press release.
“I appreciate that we are able to keep Meadow Gold Hawaii and continue to keep jobs here in the islands.”
The dairies’ parent company, Dean Foods, filed for bankruptcy late last year. The Dallas-based company is the largest processor and direct-to-store distributor of fresh fluid milk and other dairy products in the US.
Dean Foods has reached an agreement in principle with Industrial Realty Group to buy Meadow Gold Hawaiʻi’s operations in Hilo and Honolulu. Industrial Realty Group will be partnering with 8 Cow Dairies, a Hawaii-based company, to manage operations.
In a statement from Dean Foods, the company said, “Industrial Realty Group and 8 Cow Dairies would like to express their gratitude to Senator Kurt Fevella of the Ewa Beach, 19th District. He has been very instrumental in the negotiations and in helping his constituents to continue operation with Hawaii’s lifelong industry Meadow Gold.”
Dean Foods reports that, subject to Bankruptcy Court approval, the transactions are expected to close at the end of April 2020.
Scroll Down to Read 4 Comments