Our ice cream plants in Buena Park, Calif., and Orem, Utah, will cease production in Q3 of this year, said Chris Bellairs, chief financial officer. We will support customers in the Western U.S. by utilizing our recently-acquired facility in St. George, Utah, which begins production in late Q2.
Chris Bellairs, Chief Financial Officer of Dean Foods, added, "Against the backdrop of this difficult environment, we are seeing positive signs of progress resulting from the focused efforts of our employees to drive improvement throughout all aspects of our operations."
Dean Foods (DF, Fortune 500) shares spiked after the company posted a strong profit and said its CFO Shaun Mara is stepping down. Mara will be replaced by Chris Bellairs, who is currently CFO of the company's Fresh Dairy Direct division.