Dean Foods files for Chapter 11 bankruptcy protection in Houston

Dallas-based Southern Foods Group, doing business as Dean Foods, and 42 affiliated debtors filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas in Houston on Nov. 12.

The company listed total assets of nearly $2.29 billion and total debts of nearly $2.18 billion as of Sept. 30. So far, the company has received a commitment of about $850 million in debtor-in-possession financing from existing lenders. It plans to use the financing with cash on…