Tuesday, 7 August 2001

Suiza Foods Sets Date for Special Shareholder Meeting to Vote on Dean Foods Transaction

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Tuesday, 7 August 2001

DALLAS, Aug. 7 /PRNewswire/ — Suiza Foods Corporation (NYSE: SZA), the
nation’s leading dairy processor and distributor, today announced that it will
hold a special shareholder meeting on September 21, 2001 in Dallas to vote on
the proposals related to the company’s pending merger with Dean Foods
(NYSE: DF).

“We have made substantial progress toward completion of the transaction,
and we are on track to finalize the merger by the end of the year,” said Gregg
Engles, Chairman of the Board and Chief Executive Officer of Suiza Foods. “We
believe the merger will be a tremendous strategic benefit for the dairy
industry, our customers, our employees and our shareholders, and we look
forward to closing the transaction in a timely manner.”

In July, Suiza:

  • Filed a preliminary joint proxy statement/prospectus with the
    Securities and Exchange Commission in connection with its proposed
    merger with Dean Foods Company. The company intends to finalize and
    mail the proxy statement/prospectus to its shareholders in mid August.

  • Completed the syndication of its $2.7 billion bank financing, ensuring
    adequate funding for closing the Dean Foods transaction.

  • Substantially complied with two of the three information requests
    issued by the Department of Justice (DOJ) in connection with the
    merger. The company expects to substantially comply with the DOJ’s
    final information request regarding the divestiture of six plants to
    National Dairy Holdings by the end of August.

Suiza Foods Corporation, based in Dallas, is the nation’s leading dairy
processor and distributor, producing a full line of company-branded and
customer-branded products. National brands include International Delight(R),
Second Nature(R), Naturally Yours(R), Mocha Mix(R), Sun Soy(TM), kidsmilk(TM)
and fitmilk(R). Regional brands include Adohr Farms(R), Barbe’s(R),
Broughton(R), Brown’s Dairy(TM), Country Delite(R), Country Fresh(R), Dairy
Gold(R), Dairymen’s(R), Flav-O-Rich(R), Garelick Farms(R), Hygeia(R), Lehigh
Valley Farms(R), London’s(R), Meadow Gold(R), Model Dairy(R), Oak Farms(R),
Poudre Valley(R), Robinson(R), Schenkel’s All Star Dairy, Schepps(R),
Shenandoah’s Pride(R), Suiza Dairy(R), Swiss Dairy(TM), Louis Trauth Dairy(R),
Tuscan(R) and Velda Farms(R), as well as Celta(R) in Spain. Suiza also sells
products under partner or licensed brands in certain regions, including
Borden(R), Foremost(R) and Pet(R). Additionally, the company owns
approximately 43% of Consolidated Container Company, one of the nation’s
largest manufacturers of rigid plastic containers.

Forward Looking Statement

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 the company’s expectations regarding its proposed merger with Dean Foods,
including the company’s expectation that the merger will be a tremendous
strategic benefit to the company, its customers, employees and shareholders.
These statements involve risks and uncertainties, which may cause results to
differ materially from the statements set forth in this press release. The
company’s ability to generate increased sales and earnings as a result of the
proposed merger with Dean Foods is dependent upon economic, governmental and
competitive conditions generally, and on the company’s ability in the time
period projected, to (i) maintain existing customer and other business
relationships or to replace such customers or business relationships with
other comparable relationships, (ii) consolidate or reduce certain
administrative or centralized functions, (ii) obtain certain goods and
services more cost effectively, (iii) shift production and distribution
between operating locations without disruption in operations or in customer
relations, and (iv) close the proposed transaction on the terms and within the
timeframe contemplated. The company’s ability to complete the merger on the
terms and within the timeframe contemplated depends primarily on the company’s
ability to obtain regulatory approval for the transaction on the terms and
within the timeframe contemplated. Other risks relating to the proposed
merger with Dean Foods are identified in the joint press release of the
company and Dean Foods filed by the company with the Securities and Exchange
Commission with its Form 8-K dated April 5, 2001, as amended on
April 10, 2001. The forward-looking statements in this press release speak
only as of the date of this release. Suiza 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.

Other Legal Information

Suiza Foods and Dean Foods have filed with the SEC a preliminary joint
proxy statement/prospectus and other relevant documents concerning the
proposed merger. In addition, Suiza Foods and Dean Foods will prepare and
file a definitive joint proxy statement/prospectus and other relevant
documents concerning the proposed merger. Investors are urged to read the
definitive joint proxy statement/prospectus, when it becomes available, and
any amendments or supplements to the definitive joint proxy
statement/prospectus as well as any other documents filed with the SEC,
because they will contain important information concerning the proposed
merger. Investors will be able to obtain the definitive joint proxy
statement/prospectus and other documents filed with the SEC free of charge at
the SEC’s website (http://www.sec.gov ). In addition, the definitive joint
proxy statement/prospectus and other documents filed by Dean Foods and Suiza
Foods with the SEC may be obtained free of charge by contacting Dean Foods,
3600 North River Road, Franklin Park, Illinois 60131, Attention: Investor
Relations (Tel: 847-678-1680) or Suiza Foods, 2515 McKinney Avenue, Suite
1200, Dallas, Texas 75201, Attention: Investor Relations (Tel: 800-431-9214).

Suiza Foods, Dean Foods and their respective directors and executive
officers may be deemed to be participants in the solicitation of proxies from
the stockholders of Suiza Foods and Dean Foods in favor of the transaction.
The directors and executive officers of Suiza Foods and their beneficial
ownership of Suiza Foods common stock are set forth in the proxy statement for
the 2000 annual meeting of Suiza Foods. The directors and executive officers
of Dean Foods and their beneficial ownership of Dean Foods common stock are
set forth in the proxy statement for the 2000 annual meeting of Dean Foods.
You may obtain the proxy statements of Suiza Foods and Dean Foods free of
charge at the SEC’s website (http://www.sec.gov ). Stockholders of Suiza
Foods and Dean Foods may obtain additional information regarding the interest
of such participants by reading the joint proxy statement/prospectus.

                    MAKE YOUR OPINION COUNT -  Click Here
               http://tbutton.prnewswire.com/prn/11690X04818132

SOURCE Suiza Foods Corporation

CONTACT: Cory M. Olson, Vice President and Treasurer, +1-214-303-3645,
or P.I. Aquino, Assistant Treasurer, +1-214-303-3437, both of Suiza Foods
Corporation/

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