DALLAS — Dean Foods on Saturday announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the sale of a substantial portion of Dean Foods’ business operations to Dairy Farmers of America for $433 million.

Dean Foods acquired Jilbert Dairy, located in Marquette, in August 2006. Dean Foods filed for Chapter 11 bankruptcy protection in November.

Each transaction remains subject to customary closing conditions, including any required regulatory approvals. The company anticipates completing all transactions by early May.

Additional information is available on the restructuring page of the Company’s website, DeanFoodsRestructuring.com. A list of entities included in each transaction is available at DeanFoodsRestructuring.com.