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FROM THE CHAIRMAN
At Dean Foods Company, integrity is one of our most important
assets. A reputation for consistently ethical and honest behavior has been an
important contributor to the success we have enjoyed so far-and maintaining
that reputation is critical to our future.
This Code of Ethics is intended to inform all directors, officers
and employees of Dean Foods Company and its subsidiaries of their ethical
obligations. As you will see, we have set a high standard of conduct. Adherence
to this Code of Ethics is vital to maintaining a business in which we may all
take pride and is paramount to our continued success.
Our job is to provide value
for all of our stakeholders. Our stakeholders include shareholders, customers,
employees, and the communities in which we operate, do business and live. To
our shareholders, value is the opportunity to make a return on an investment.
To our customers, value is measured by the quality and price of our products
and the services we provide. Our employees measure value based on a number of
rewards that include compensation, but may also include quality of life and
future career opportunities. And we rely on the communities in which we do
business to provide vital services and educational opportunities for our
employees and their families. As a corporate citizen, we have a civic
responsibility to contribute to these communities. Managing the business with
honesty and integrity adds value to our Company and results in value to our
stakeholders.
Our Company is committed to doing business with honesty and integrity.
Each and every one of us is expected to comply with the Code of Ethics at all
times. A lone violation of this Code of Ethics by any individual could have
devastating consequences for our stakeholders, our Company and the livelihoods
of us all. Even the appearance of improper behavior is unacceptable.
I ask that you read the entire Code of Ethics and affirm your understanding of the Code by signing the
acknowledgment form (on the last page of this booklet). You will regularly be asked
to review and certify your full compliance with the Dean Foods Company Code of
Ethics.
Thank you for your role in maintaining our position as a leader in
the marketplace-and in keeping us a leader in ethical business practices.
Sincerely,
Gregg L. Engles
Chairman of the Board and Chief Executive Officer
Dean Foods Company
January 2007
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