Thursday, 7 August 2003

Dean Foods Company Announces Record Second Quarter Results

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Thursday, 7 August 2003

Pro Forma Diluted Earnings Per Share Up 10% to $0.56, In Line With
Previously-Stated Expectations of $0.55-$0.56

DALLAS, Aug. 7 /PRNewswire-FirstCall/ — Dean Foods Company (NYSE: DF)
today announced record results for the quarter ended June 30, 2003. Net
income for the second quarter totaled $83.8 million, compared with
$73.2 million in the second quarter of 2002. Diluted earnings per share were
$0.54, compared with $0.48 per share in the second quarter of 2002. Second
quarter net sales totaled $2.2 billion in 2003, a decline of 3% over the
second quarter of 2002, due primarily to lower raw material costs that are
passed on to customers in the form of lower selling prices.

On a pro forma basis (as defined below), diluted earnings per share for
the second quarter totaled $0.56, an increase of 10% compared with pro forma
earnings of $0.51 per share in last year’s second quarter. Dean Foods noted
that its second quarter pro forma earnings were in line with its announced
target of $0.55 to $0.56 per share, on a split-adjusted basis. Pro forma net
income for the second quarter grew 11% to $85.6 million compared with pro
forma net income of $77.3 million in the second quarter of 2002.

“We are pleased with our performance and delivered earnings per share at
the high end of our previously-stated guidance,” said Gregg Engles, chairman
and chief executive officer. “Our Dairy Group and Specialty segments
continued to turn in outstanding results, and our strategic brand portfolio
continues to grow at an impressive rate.”

The company reported second quarter operating income of $184.5 million
versus $178.4 million in the second quarter of 2002. Pro forma operating
income totaled $187.5 million, an increase of 2% over pro forma operating
income of $183.6 million in the second quarter of 2002. Pro forma second
quarter 2003 operating income margins were 8.44%, an increase of 44 basis
points versus the pro forma results from the second quarter of last year.
Operating income margin improvement was due primarily to improved results in
the Dairy Group and Specialty Foods segments, offset by a decline in
Morningstar margins due primarily to increased investment behind the company’s
strategic brands. The company’s strategic brand portfolio includes Silk(R)
and Sun Soy(R) soymilk, International Delight(R) and Land O Lakes (R) coffee
creamers, Hershey’s(R) milks and milkshakes, Land O Lakes Dairy Ease(R),
Folgers(R) Jakada(R) single-serve chilled coffee and milk beverages,
Marie’s(R) dips and dressings and Dean’s(R) dips.

Long-term debt at June 30, 2003 was approximately $2.8 billion, including
$175.5 million due within one year that is reported as part of current
liabilities. At the end of the quarter, approximately $667 million of the
company’s $2.7 billion bank facility was available for future borrowings.

STOCK SPLIT AND TIPES CONVERSION

On June 9, Dean Foods completed a three-for-two common stock split. All
of the per share information in this release has been adjusted to reflect the
split.

As of June 23, the company completed the redemption of its $600 million
Dean Capital Trust 5 1/2% Trust Issued Preferred Equity Securities (TIPES),
successfully converting over 99% into common stock.

ACQUISITIONS AND DIVESTITURES

In June 2003, Dean Foods completed the acquisition of Melody Farms, based
in Livonia, Mich. With annual sales of approximately $116 million, Melody
Farms is a leading processor and distributor of dairy products in the Michigan
marketplace and operates under the brand names of Melody Farms(R), Stroh’s(R),
Mooney’s(R), Nafzinger’s(R) and Sealtest(R).

On June 30, Dean Foods announced that it had signed a definitive agreement
to purchase Horizon Organic Holdings Corp. for $24 per share and assume
approximately $40 million in debt. In 2002, Horizon Organic reported revenues
of approximately $187 million, and in April 2003, the company announced that
it had reached a milestone of $200 million in annual sales. The transaction
is subject to approval by Horizon Organic’s shareholders and expiration of the
waiting period under the Hart-Scott Rodino Antitrust Improvements Act. The
companies continue to expect the transaction to close in the fourth quarter of
2003.

At the end of July, Dean Foods completed the sale of Morningstar Foods’
frozen whipped topping and frozen creamer business based in Arlington, Tenn.,
to Rich Products Corporation. In 2002, the divested business had sales of
approximately $55 million, and cash proceeds from the sale totaled
$91 million. The sale of the frozen business is approximately 5 cents
dilutive to earnings per share on an annual basis. However, the company noted
that due to its significant seasonality, approximately 4 cents of the dilution
from the sale of this business will be reflected in the balance of 2003.

The company noted that the anticipated accretion from the acquisition of
Melody Farms and the pending acquisitions of Horizon Organic and Kohler Mix
Specialties is expected to offset the dilutive impact of the frozen business
divestiture in 2004. As a result, the net effect of all these transactions is
expected to be neutral to earnings in 2004. However, because the pending
Horizon Organic and Kohler acquisitions are not expected to occur until late
2003, the pre-whip topping divestiture is expected to be dilutive to the third
and fourth quarters of 2003.

“As we create a world-class food and beverage company, we continue to
sharpen our focus and look at acquisitions and divestitures that make strong
strategic sense for our business,” said Engles. “This quarter’s announced
acquisitions and divestiture have the effect of redeploying our resources into
those areas where we have the greatest competitive advantage and opportunity.

“Melody Farms is a valuable tuck-in acquisition for our Dairy Group and
reflects our commitment to continue to build our core business. With the
acquisition of Horizon Organic, we will add the leading organic milk brand in
the U.S. and the U.K. to our portfolio. In our Silk and Horizon Organic
brands, we will have the nation’s number one and number two organic brands.
With aggregate 2003 sales of approximately $475 million and growing rapidly,
Silk and Horizon Organic, both based in Boulder, Colorado, will form the basis
of a powerful wellness platform from which we intend to build a family of
innovative, value-added and better-for-you products,” Engles continued.

OUTLOOK

The company re-affirmed its 12-14% growth expectations for 2003, before
adjusting for the dilutive effect of the sale of Morningstar’s frozen
business. “We expect 2003 earnings to be in the range of $2.03 to $2.07 per
share, which reflects our earlier guidance of $2.07 to $2.11 per share,
reduced by 4 cents for the dilution of the sale of the frozen
business,” Engles said.

“Rising raw milk prices in the coming months have been incorporated into
our outlook for the year, and we are confident we will manage through this
environment effectively,” continued Engles. “We anticipate third quarter
earnings will be in the range of $0.51 to $0.53 per share, and we expect to
deliver $0.54 to $0.56 per share in the fourth quarter. We have accomplished
a great deal so far this year and remain enthusiastic and committed to
increasing shareholder value at Dean Foods.”

SECOND QUARTER RECONCILIATION OF PRO FORMA RESULTS WITH GAAP RESULTS

For the second quarter of 2003, the pro forma results reported above
differ from the company’s results under Generally Accepted Accounting
Principles (GAAP) by excluding a $3.0 million charge ($1.9 million net of
income tax) related primarily to closing an ice cream plant in Hawaii.

For the second quarter of 2002, the pro forma results reported above
differ from the company’s results under GAAP by excluding $5.3 million of
restructuring charges ($3.3 million net of income tax) related to closing a
Dairy Group plant in Vermont and a distribution center in Virginia, as well as
a $0.8 million net loss related to discontinued operations in Puerto Rico.

Pro forma results are provided in order to allow investors to make
meaningful comparisons of Dean Foods’ operating performance between periods
and to view the company’s business from the same perspective as the company’s
management. A reconciliation table between diluted earnings per share
calculated according to GAAP and pro forma diluted earnings per share (as
defined above) is attached.

SEGMENT RESULTS

Dairy Group net sales for the second quarter totaled $1.7 billion, a
decline of 4% from $1.8 billion in the second quarter of 2002. The second
quarter sales decline was due primarily to lower raw material costs that are
passed on to customers in the form of lower selling prices.

Dairy Group pro forma operating income in the second quarter improved 16%
to $165.4 million, and pro forma operating margins increased 169 basis points
to 9.61% of sales, due primarily to lower raw milk costs and realized
synergies. The second quarter average Class I mover, which is an indicator of
the company’s Class I raw milk prices, was $9.70 per hundred-weight in the
second quarter of 2003, a 14% decline versus last year.

Morningstar/White Wave net sales in the second quarter totaled
$262.9 million, down 0.3% compared to last year. Strong results at White Wave
offset the previously-announced termination of the Nestle co-packing business
at Morningstar; lower selling prices due to the decline in raw material costs;
and increased couponing, slotting and market development spending for
Morningstar’s strategic brands, which under GAAP are recorded as a reduction
to sales.

Pro forma operating income in the second quarter for Morningstar/White
Wave was $10.5 million, and pro forma operating margins were down 768 basis
points to 4.01%, in line with the company’s previously-announced expectations
for heavy spending against its strategic brands. Most of the decline in the
segment’s margin is attributable to increased year-over-year brand spending at
Morningstar and White Wave, partially offset by operating improvements at
White Wave.

Specialty Foods’ net sales totaled $175.7 million, a decline of 1% over
the prior year second quarter, and operating income was $27.0 million, an
increase of 7%. Second quarter operating income margin increased 108 basis
points to 15.38%.

RESULTS FOR SIX MONTHS ENDED JUNE 30, 2003

The company’s net sales declined 3% to $4.4 billion for the six months
ended June 30, 2003, compared with $4.5 billion during the first six months of
2002. The decline is due primarily to lower raw material costs in the first
half of the year that are passed on to customers in the form of lower selling
prices. Net income for the first half of the year totaled $147.0 million,
compared with $43.6 million in 2002. Diluted earnings per share for the six
months ended June 30, 2003 totaled $0.97, compared with $0.33 in the first six
months of 2002.

Pro forma net income for the six months (as defined below) totaled
$147.8 million, an increase of 11% over $132.7 million last year. Pro forma
diluted earnings per share for the first six months of 2003 totaled $0.98, an
increase of 11% compared with $0.88 in the first six months of 2002.

The company reported operating income for the period ended June 30, 2003
of $341.4 million versus $324.2 million in 2002, an increase of 5%. Pro forma
operating income for the first six months of 2003 totaled $342.8 million, an
increase of 4% over pro forma operating income of $330.7 million last year.
Pro forma operating income margins for the six months were 7.85%, an increase
of 54 basis points versus the pro forma results of the prior year’s first six
months.

SIX MONTH RECONCILIATION OF PRO FORMA RESULTS WITH GAAP RESULTS

For the six months ended June 30, 2003 the pro forma results reported
above differ from the company’s results reported under GAAP by excluding
restructuring charges of $1.3 million ($0.8 million net of income tax) related
to plant closings.

For the first six months of 2002, the pro forma results reported above
differ from the company’s 2002 results reported under GAAP by excluding the
following: $6.5 million ($4.0 million net of income tax) in plant closing
charges; $0.1 million net loss from discontinued operations; and a one-time
total charge of $85.0 million, net of income tax, related to the write-down of
certain trademarks and goodwill due to the implementation of Financial
Accounting Standard (FAS) 142, “Goodwill and Other Intangible Assets.”

Pro forma results are provided in order to allow investors to make
meaningful comparisons of the company’s operating performance between periods
and to view the company’s business from the same perspective as the company’s
management. A reconciliation table between earnings per share calculated
according to GAAP and pro forma earnings per share (as defined above) is
attached.

CONFERENCE CALL WEBCAST

A webcast to discuss the company’s financial results and outlook will be
held at 9:00 a.m. ET today and may be heard live by visiting the “Webcasts”
section of the company site at www.deanfoods.com .

ABOUT DEAN FOODS

Dean Foods Company is one of the nation’s leading food and beverage
companies. The company produces a full line of company-branded and private
label dairy and dairy-related products such as milk and milk-based beverages,
ice cream, coffee creamers, half and half, whipping cream, whipped toppings,
sour cream, cottage cheese, yogurt, dips, dressings and soy milk. The company
is also a leading manufacturer of pickles and other specialty food products,
juice, juice drinks and water. The company operates over 120 plants in
36 U.S. states and Spain, and employs approximately 28,000 people.

Some of the statements in this press release are “forward-looking” and are
made pursuant to the safe harbor provision of the Securities Litigation Reform
Act of 1995. These “forward-looking” statements include statements relating
to, among other things, the company’s projected earnings per share. These
statements involve risks and uncertainties that may cause results to differ
materially from the statements set forth in this press release. The company’s
ability to meet targeted financial and operating results during 2003,
including targeted sales, operating margins, earnings per share and cash flow
depends on a variety of economic, competitive and governmental factors, many
of which are beyond the company’s control and which are described in the
company’s filings with the Securities and Exchange Commission. The company’s
ability to profit from its branding initiatives depends on a number of factors
including primarily consumer acceptance of the company’s products. The
forward-looking statements in this press release speak only as of the date of
this release. The company expressly disclaims any obligation or undertaking
to release publicly any updates or revisions to such statements to reflect any
change in its expectations with regard thereto or any changes in the events,
conditions or circumstances on which any such statement is based.


                              (Tables to follow)

                              DEAN FOODS COMPANY
                (Dollars in thousands, except per share data)

                                     GAAP                 PRO FORMA (A)
                              Three Months Ended        Three Months Ended
                                   June 30,                  June 30,
                              2003          2002        2003          2002

    Net sales              $2,222,572 $2,295,243 $2,222,572 $2,295,243
    Cost of sales           1,621,419     1,694,786   1,621,419     1,694,786

      Gross profit            601,153       600,457     601,153       600,457

    Operating costs and
     expenses                 413,662       416,814     413,662       416,814
    Plant closing costs         3,025         5,269

      Operating income        184,466       178,374     187,491       183,643

    Interest expense &
     financing charges
     on preferred
     securities                50,110        59,298      50,110        59,298
    (Earnings) loss from
     unconsolidated
     affiliates                    17        (1,404)         17        (1,404)
    Other (income) expense       (304)          744        (304)          744

      Income from continuing
       operations before
       income taxes           134,643       119,736     137,668       125,005
    Income taxes               50,854        45,706      52,020        47,725

      Income from continuing
       operations              83,789        74,030      85,648        77,280
    Loss from discontinued
     operations                                (804)

        Net income            $83,789 $73,226 $85,648 $77,280

    Basic earnings per share:
      Income from continuing
       operations               $0.60 $0.55
      Loss from discontinued
       operations                             (0.01)
      Net income                $0.60 $0.54 $0.61 $0.57

      Basic average
       common shares (000's)  139,477       135,075     139,477       135,075

    Diluted earnings per share:
      Income from continuing
       operations               $0.54 $0.49
      Loss from discontinued
       operations                             (0.01)
      Net income                $0.54 $0.48 $0.56 $0.51

      Diluted average
       common shares
       (000's)                160,758       163,483     160,758       163,483

    (A) Pro forma results differ from our results reported under GAAP by
        excluding the following items in order to report both periods on a
        comparable basis:
          In the second quarter of 2003 pro forma results exclude plant
        closing costs.  In the second quarter of 2002 pro forma results
        exclude plant closing costs and the results of discontinued
        operations.


                                DEAN FOODS COMPANY
                  (Dollars in thousands, except per share data)

                                     GAAP                 PRO FORMA (B)
                               Six Months Ended          Six Months Ended
                                   June 30,                  June 30,
                              2003          2002        2003          2002

    Net sales              $4,367,450 $4,521,463 $4,367,450 $4,521,463
    Cost of sales           3,195,064     3,376,174   3,195,064     3,376,174

      Gross profit          1,172,386     1,145,289   1,172,386     1,145,289

    Operating costs and
     expenses                 829,603       814,601     829,603       814,601
    Plant closing costs         1,335         6,503

      Operating income        341,448       324,185     342,783       330,688

    Interest expense &
     financing charges
     on preferred
     securities               105,376       118,213     105,376       118,213
    Earnings from
     unconsolidated
     affiliates                  (179)       (1,807)       (179)       (1,807)
    Other (income) expense       (771)          464        (771)          464

      Income from continuing
       operations before
       income taxes           237,022       207,315     238,357       213,818
    Income taxes               90,024        78,622      90,532        81,116

      Income from continuing
       operations             146,998       128,693     147,825       132,702
    Loss from discontinued
     operations                                (108)

        Net income before
         cumulative effect
         of accounting
         change               146,998       128,585     147,825       132,702

    Cumulative effect of
     accounting change                      (84,983)

        Net income           $146,998 $43,602 $147,825 $132,702

    Basic earnings per
     share:
      Income from continuing
       operations               $1.09 $0.96
      Loss from discontinued
       operations
      Cumulative effect of
       accounting change                      (0.64)
      Net income                $1.09 $0.32 $1.10 $0.99

      Basic average common
       shares (000's)         134,908       134,199     134,908       134,199

    Diluted earnings per
     share:
      Income from continuing
       operations               $0.97 $0.86
      Loss from discontinued
       operations
      Cumulative effect of
       accounting change                      (0.53)
      Net income                $0.97 $0.33 $0.98 $0.88

      Diluted average common
       shares (000's)         160,073       162,725     160,073       162,725

    (B)  Pro forma results differ from our results reported under GAAP by
         excluding the following items in order to report both periods on a
         comparable basis:
           In the first six months of 2003 pro forma results exclude plant
         closing costs and a gain on the disposition of a closed plant.  In
         the first six months of 2002 pro forma results exclude plant closing
         costs, the results of discontinued operations, and the cumulative
         effect of accounting change related to the write-down of certain
         trademarks and goodwill due to the implementation of FAS 142,
         "Goodwill and Other Intangible Assets".


                               DEAN FOODS COMPANY

                  Earnings per Share Summary and Reconciliation

                                         Three Months Ended  Six Months Ended
                                                June 30,          June 30,
                                            2003     2002      2003     2002

    GAAP diluted earnings per share         $0.54 $0.48 $0.97 $0.33

    Pro forma adjustments:
       Plant closing costs                   0.02     0.02     0.01     0.02
       Loss from discontinued operations              0.01
       Cumulative effect of accounting
        change (C)                                                      0.53

    Pro forma diluted earnings per share    $0.56 $0.51 $0.98 $0.88

    (C)  Cumulative effect of accounting change in 2002 related to the write-
         down of certain trademarks and goodwill due to the implementation of
         FAS 142, "Goodwill and Other Intangible Assets".


                               Segment Information
                              (Dollars in thousands)

                                        GAAP               Pro Forma (D)
                                 Three Months Ended      Three Months Ended
                                       June 30,                June 30,
                                  2003        2002        2003        2002
    Revenue
      Dairy Group              $1,720,705 $1,798,715 $1,720,705 $1,798,715
      Morningstar Foods/White
       Wave                       262,898     263,796     262,898     263,796
      Specialty Foods             175,676     177,363     175,676     177,363
      Corporate / Other            63,293      55,369      63,293      55,369
      Consolidated             $2,222,572 $2,295,243 $2,222,572 $2,295,243

    Operating Income
      Dairy Group                $162,345 $137,138 $165,370 $142,407
      Morningstar Foods/White
       Wave                        10,538      30,835      10,538      30,835
      Specialty Foods              27,018      25,367      27,018      25,367
      Corporate / Other           (15,435)    (14,966)    (15,435)    (14,966)
      Consolidated               $184,466 $178,374 $187,491 $183,643

                                        GAAP               Pro Forma (E)
                                  Six Months Ended        Six Months Ended
                                      June 30,                 June 30,
                                  2003        2002        2003        2002
    Revenue
      Dairy Group              $3,404,374 $3,576,218 $3,404,374 $3,576,218
      Morningstar Foods/White
       Wave                       502,146     502,376     502,146     502,376
      Specialty Foods             338,614     338,578     338,614     338,578
      Corporate / Other           122,316     104,291     122,316     104,291
      Consolidated             $4,367,450 $4,521,463 $4,367,450 $4,521,463

    Operating Income
      Dairy Group                $300,711 $263,347 $302,046 $269,850
      Morningstar Foods/White
       Wave                        22,587      53,940      22,587      53,940
      Specialty Foods              50,845      46,154      50,845      46,154
      Corporate / Other           (32,695)    (39,256)    (32,695)    (39,256)
      Consolidated               $341,448 $324,185 $342,783 $330,688

    (D)  Pro forma results differ from our results reported under GAAP by
         excluding the following items in order to report both periods on a
         comparable basis:
           In the second quarter of both years, pro forma results exclude
         plant closing costs.

    (E)  Pro forma results differ from our results reported under GAAP by
         excluding the following items in order to report both periods on a
         comparable basis:
           In the first six months of 2003 pro forma results exclude plant
         closing costs and a gain on the disposition of a closed plant.  In
         the first six months of 2002 pro forma results exclude plant
         closing costs.


                               DEAN FOODS COMPANY

                             Condensed Balance Sheet
                             (Dollars in Thousands)

                                                  June 30,        December 31,
    ASSETS                                          2003              2002

    Cash and cash equivalents                      $28,003 $45,896
    Other current assets                         1,252,430         1,265,250
      Total current assets                       1,280,433         1,311,146

    Property, plant & equipment                  1,689,176         1,628,424

    Intangibles & other assets                   3,683,745         3,642,696

        Total Assets                            $6,653,354 $6,582,266


    LIABILITIES AND STOCKHOLDERS' EQUITY

    Total current liabilities                   $1,158,293 $1,268,143

    Long-term debt                               2,603,030         2,554,482

    Other long-term liabilities                    566,376           531,171

    Mandatorily redeemable TIPES                                     585,177

    Stockholders' equity:
      Common stock                                   1,550             1,330
      Additional paid-in capital                 1,513,380           979,113
      Retained earnings                            865,552           718,555
      Other comprehensive income                   (54,827)          (55,705)
         Total stockholders' equity              2,325,655         1,643,293

        Total Liabilities and
         Stockholders' Equity                   $6,653,354 $6,582,266 DEAN FOODS COMPANY

                        Condensed Statement of Cash Flows
                             (Dollars in Thousands)

                                                   Six Months Ended June 30,
    Operating Activities                            2003              2002
      Net income                                  $146,998 $43,602
      Depreciation and amortization                 94,120            87,688
      Income from unconsolidated affiliates           (179)           (1,807)
      Cumulative effect of accounting change                          84,983
      Deferred income taxes                         52,755           (17,044)
      Changes in current assets and liabilities    (71,196)           84,192
      Other                                         (5,529)            6,997
          Net cash provided
           by continuing operations                216,969           288,611
          Net cash used
           in discontinued operations                                 (1,216)
          Net cash provided by operations          216,969           287,395

    Investing Activities
      Net additions to property, plant
       and equipment                              (130,580)          (89,383)
      Cash outflows for acquisitions               (52,048)         (214,900)
      Net proceeds from divestitures                                   2,561
      Proceeds from sale of fixed assets             5,170             2,122
          Net cash used in continuing operations  (177,458)         (299,600)
          Net cash used
           in discontinued operations                                 (2,313)
          Net cash used in investing activities   (177,458)         (301,913)

    Financing Activities
      Proceeds from the issuance of debt           131,049           189,235
      Repayment of debt                           (107,745)         (242,102)
      Issuance of common stock, net of expenses     64,277            51,209
      Redemption of common stock                  (142,565)
      Other                                         (2,420)             (762)
          Net cash used in financing activities    (57,404)           (2,420)

    Decrease in cash and cash equivalents          (17,893)          (16,938)
    Beginning cash balance                          45,896            78,260

    Ending cash balance                            $28,003 $61,322

     Contact:  Cory Olson
               Senior Vice President and Treasurer
               (214) 303-3645

               P.I. Aquino
               Assistant Treasurer
               (214) 303-3437

SOURCE Dean Foods Company
-0- 08/07/2003
/CONTACT: Cory Olson, Senior Vice President and Treasurer,
+1-214-303-3645, or P.I. Aquino, Assistant Treasurer, +1-214-303-3437, both of
Dean Foods Company/
/Web site: http://www.deanfoods.com /
(DF)

CO: Dean Foods Company
ST: Texas
IN: FOD REA
SU: ERN ERP CCA MAV

AH-GN
— DATH017 —
3650 08/07/2003 06:45 EDT http://www.prnewswire.com

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DALLAS--(BUSINESS WIRE)--Dean Foods Company ("Dean Foods" or the "Company") today announced that it ...
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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...
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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...
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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 “...
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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...
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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...
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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 ...
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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...
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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...
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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...
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