US-based milk processor Dean Foods Company is exploring potential business strategies to accelerate the transformation process and enhance shareholder value.

Dean Foods CEO Ralph Scozzafava said: “As one of America’s largest dairy providers, Dean Foods is committed to delivering significant value to all our stakeholders, including our customers, consumers, shareholders, communities and employees.”

The strategies that are up for consideration will include a continued focus on the company’s prior business plan with several standalone strategic initiatives, the disposition of certain assets, the formation of a joint venture (JV) and a strategic business combination.

“We are taking vital, transformative actions to maximise the benefits of our scale and position the company for the long-term.”

Scozzafava further added: “We are taking vital, transformative actions to maximise the benefits of our scale and position the company for the long-term, including implementing an enterprise-wide cost productivity plan and investing in core capabilities, technology, infrastructure, people and systems.

“As we seek to accelerate our business transformation and enhance shareholder value, the board has initiated a review of a range of potential strategic alternatives to best position the company for the future.”

Dean Foods has not set a timetable for the conclusion of its review or made any decisions related to the strategies.

Evercore Group will serve as financial advisor for the review, while Gibson, Dunn & Crutcher is acting as the company’s legal advisor.

Headquartered in Dallas, Texas, Dean Foods processes and distributes fresh milk and other dairy products in the US.

Dean Foods has more than 50 national, regional and local dairy brands, as well as private labels. It also makes and distributes juices, teas and bottled water.