Dean
completes
acquisition
of Horizon
Dean Foods
Co. has
reported the
completion of
the
acquisition
of Horizon
Organic
Holding
Corp., making
Dean --
already the
largest milk
and dairy
food
processor and
largest
soymilk
processor in
the U.S. --
the largest
organic
processor in
the country.
The company
acquired the
87% of
Horizon that
it did not
already own
for $24 per
share, or
$216 million,
plus
assumption of
$40 million
of debt,
according to
the
announcement.
Horizon will
be an
independent
subsidiary of
Dean and will
continue to
be
headquartered
in Boulder,
Colo., and
led by chief
executive
officer and
president
Chuck Marcy,
the
announcement
said.
More news
items at
www.MeatFYI.com
Corporate
financials,
SEC filings,
other company
data in
“players”
section at
www.Ellinghuysen.com
