Tuesday, 27 June 2000

Dean Foods Acquires Pickle Business from Agrilink Foods

Back to all newsroom
Tuesday, 27 June 2000

FRANKLIN PARK, Ill., June 27 /PRNewswire/ — Dean Foods Company (NYSE: DF)
and Agrilink Foods, Inc., announced today that Dean Foods has purchased from
Agrilink its Nalley’s pickle business based in Tacoma, Washington. The
acquired business sells approximately $40 million annually of pickle, pepper
and relish products under the NALLEY’S and FARMAN’S brand names. Terms of the
transaction were not announced.

Agrilink Foods is a wholly-owned subsidiary of Agrilink
(Pro-Fac Cooperative – Nasdaq: PFACP), an agricultural marketing cooperative
based in Rochester, New York. Dean Foods, headquartered in Franklin Park,
Illinois is the nation’s largest pickle processor and a leading fluid milk and
dairy products processor.

Dean acquired all rights to Agrilink’s pickle business including certain
fixed assets, finished inventory, customer lists and other intangibles,
although Agrilink will retain all other products carrying the NALLEY’S brand
name including prepared canned meal products. Agrilink will continue to
contract pack Nalley’s pickle products for a period of two years at the
existing Tacoma processing plant, which Agrilink will retain and operate.

Under a related agreement, Agrilink will supply raw cucumbers grown in the
Northwestern U.S. to Dean Foods for a minimum ten-year period at market
pricing. The quantity of cucumbers to be supplied by Agrilink Cooperative
growers will increase over current volumes.

“The acquisition of Nalley’s Pickles continues Dean’s long-term strategy
of consolidating regional pickle brands to achieve large-scale cost
synergies,” stated Howard Dean, Chairman and Chief Executive Officer of Dean
Foods Company. “Although our pickle division has encountered some competitive
conditions over the past year, we are confident that this transaction will
result in immediate logistics and purchasing efficiencies with manufacturing
synergies to follow when production is consolidated.”

“We know that this business will be in good hands with Dean Foods,”
commented Agrilink president and chief executive officer Dennis M. Mullen.
“They already have a strong presence in this category and have the expertise
to continue growing the business. This will clearly have a very positive
effect on our members’ deliveries.”

Dean Foods ( http://www.deanfoods.com ) is one of the nation’s leading dairy
processors and distributors producing a full line of branded and private-label
products, including fluid milk, ice cream and extended-shelf-life products,
which are sold under the Dean Foods and other strong regional brand names.
Dean Foods is the industry leader in other food products, including pickles,
powdered non-dairy coffee creamers, aseptically packaged foodservice products,
and refrigerated dips and salad dressings. Total Dean Foods’ sales are
approximately $4 billion annually.

Agrilink Foods is a $1.2 billion dollar national food company which
processes and markets a variety of product lines of branded, private label and
foodservice products in 30 facilities located throughout the United States and
in Mexico. Included in Agrilink’s portfolio are the Birds Eye, Veg-All,
McKenzie, Comstock and Wilderness brands. Agrilink consists of more than 800
member growers, who process fruits, vegetables and popcorn through Agrilink
Foods and AgriFrozen.

SOURCE Dean Foods Company

Web site: http://www.deanfoods.com

Company News On-Call: http://www.prnewswire.com/comp/109161.htmlor fax, 800-758-5804, ext. 109161

CONTACT: Jim Greisinger of Dean Foods Pickle and SpecialtyProducts, 920-497-7131; or Bea Slizewski of Agrilink Foods,716-264-3189

All the latest from Dean Foods

familyofproducts

Latest news

Find out how we’re fueling lives from the farm to the table.

6 May, 2020
Dean Foods Completes Sale of its Miami, Florida Facility to Mana Saves McArthur, LLC
DALLAS--(BUSINESS WIRE)--Dean Foods today announced that it has completed the previously announced s...
learn-more
1 May, 2020
Dean Foods Completes Sale of Assets to Dairy Farmers of America
DALLAS--( BUSINESS WIRE )--Dean Foods Company ("Dean Foods" or the "Company") today announced that i...
learn-more
30 April, 2020
Dean Foods Completes Sales of its Uncle Matt’s Business and the Majority of the Meadow Gold Hawaii...
DALLAS--(BUSINESS WIRE)--Dean Foods ("Dean Foods" or the "Company") today announced that it has comp...
learn-more
22 April, 2020
Dean Foods Announces Asset Purchase Agreement with MGD Acquisition, LLC for the Sale of the Majority...
MGD Acquisition to Operate Meadow Gold Hawaii as an Ongoing Business to Continue Serving the Hawaiia...
learn-more
13 April, 2020
Dean Foods Announces Termination of Agreement in Principle with Industrial Realty Group, LLC for the...
Reached Agreement in Principle with an Interested Party for the Sale of Dean Foods’ Hilo Facility ...
learn-more
4 April, 2020
Dean Foods Receives Court Approval for the Sale of Substantially All of Its Assets
DALLAS--(BUSINESS WIRE)--Dean Foods Company ("Dean Foods" or the "Company") today announced that the...
learn-more
1 April, 2020
Dean Foods Reaches Agreement in Principle With Industrial Realty Group, LLC for the Sale of Dean Foo...
DALLAS--(BUSINESS WIRE)--Dean Foods Company ("Dean Foods" or the "Company") today announced that it ...
learn-more
31 March, 2020
Dean Foods Announces Dairy Farmers of America as Winning Bidder for Substantially All of Its Assets
Prairie Farms Dairy, Mana Saves McArthur, LLC, Producers Dairy Foods and Harmoni, Inc. to Purchase A...
learn-more
17 February, 2020
Dean Foods Enters Into Asset Purchase Agreement with Dairy Farmers of America
Dairy Farmers of America to Serve as Proposed “Stalking Horse Bidder” in a Court-Supervised Sale...
learn-more
20 December, 2019
Dean Foods Receives Final Court Approval for $850 Million in Debtor-In-Possession Financing
DALLAS --(BUSINESS WIRE)--Dec. 20, 2019-- Dean Foods Company (NYSE: DF) (“Dean Foods” or the “...
learn-more
14 November, 2019
Dean Foods Company Receives Court Approval of “First Day” Motions to Support Normal Busi...
Obtains Interim Approval to Access DIP Financing Customers Receiving Uninterrupted Supply of Dairy P...
learn-more
12 November, 2019
Dean Foods Company Initiates Voluntary Reorganization with New Financial Support from Existing Lende...
Company Secures Commitments for $850 Million in DIP Financing to Support Operations In Advanced Disc...
learn-more
25 October, 2019
Dean Foods Company Announces Date for Third Quarter 2019 Earnings Release and Conference Call
DALLAS , Oct. 25, 2019 /PRNewswire/ --  Dean Foods Company (NYSE: DF) today announced that it will ...
learn-more
6 September, 2019
Dean Foods Concludes Strategic Alternatives Review; Focuses on Go-Forward Strategy Under New Leaders...
DALLAS , Sept. 6, 2019 /PRNewswire/ --  Dean Foods Company (NYSE: DF) (" Dean Foods " or the "Compa...
learn-more
6 August, 2019
Dean Foods Announces Second Quarter 2019 Results
DALLAS , Aug. 6, 2019 /PRNewswire/ -- Dean Foods Company (NYSE: DF) today reported second quarter 20...
learn-more
26 July, 2019
Dean Foods Appoints Eric Beringause as President and CEO
Industry Veteran Brings More Than Three Decades of Experience in Food, Beverage and Consumer Product...
learn-more
View the newsroom

We’re proud to support national organizations that are nourishing children, promoting animal welfare, and helping in times of disaster.

White papers
farm