Honolulu (AP) - Hawaii’s largest milk processor is expected to continue operating after its pending purchase by a California real estate investment firm. The parent company of Meadow Gold Hawaii announced it reached an agreement in principal for the sale to Industrial Realty Group LLC. Los Angeles-based Industrial Realty is expected to take over the company as an ongoing business from Dean Foods Co. A purchase price was not disclosed by Dallas-based Dean Foods, which filed for Chapter 11 bankruptcy reorganization in November. The sale is subject to approval by a U.S. Bankruptcy Court judge. The deal includes facilities in Honolulu and Hilo.

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