Edwardsville-based Prairie Farms has closed on five parcels of property in O’Fallon, Ill., from Dean Foods, which went bankrupt last year.
Prairie Farms acquired five parcels at State and Smiley streets in O’Fallon for $2.9 million, according to real estate data firm Reonomy. The property was home to Dean Foods’ PET Dairy brand.
Prairie Farms expects to add about 100 new jobs as a result of the acquisitions, a spokesman confirmed. The company employs more than 450 people in Metro East.
The O’Fallon site produces fluid milk and cultured dairy products and has about 85 manufacturing employees, a Prairie Farms spokesman said.
Dean Foods filed for chapter 11 bankruptcy late last year and sold off all of its assets to various companies by May. The U.S. Bankruptcy Court for the Southern District of Texas approved Prairie Farms’ acquisition of eight former Dean Foods facilities, two distribution branches and certain assets in Sioux Falls, S.D.; Bismarck, N.D.; Woodbury, Minn.; Birmingham, Ala.; Marietta, Ohio; and Hammond, La.
Prairie Farms has annual revenue in excess of $3 billion, making it one of the largest companies in the St. Louis market.