A company headed by entrepreneur Moishe Mana completed the acquisition of McArthur Dairy, one of Florida’s largest dairy producers and a storied local brand.
The deal takes McArthur Dairy out of bankruptcy and gives it a more secure financial
future at a time when the nation’s food supply has been put under pressure by the Covid-19 pandemic. Attorneys Bruce D. Fischman and Fran Parker represented Mana Saves McArthur LLC, the Mana led company in the $16.5 million purchase from Dean Foods Co., which was in Chapter 11. The deal closed in 35 days. Fischman said the McArthur Dairy plants are fully operational. Its main processing plant is at 6821 N.E. Second Ave. in Miami. The 13.5-acre site has 116,987 square feet of buildings developed in 1950. The deal also included a 9,280-square-foot distribution center on a 78,400-square-foot lot in Fort Myers.