What recenct aquisitions have been made by Dean Foods?
Dean Foods Co. agreed to buy the Alpro division of Belgium’s Vandemoortele NV for €325 million ($455 million), in a move to boost its position in the global soy-foods market. Dean, the largest U.S. dairy processor by revenue, distributes soy-based products mainly in North America, where its Silk brand soy beverage is a major seller. Alpro, a leading soy-based beverage and food products maker, had net sales of about €260 million last year. The division has five manufacturing sites in Belgium, the U.K., France and the Netherlands. Alpro’s brands include Alpro, which targets retail customers, and Provamel, aimed at health stores with organic products. Sources: http://online.wsj.com/article/SB124506978475715051.
The original headquarters was located in Illinois but was moved to its current location in Dallas, Texas with its merger with Suiza Foods. Dean Foods and Suiza grew through well-planned acquisitions to help gather the fragmented dairy industry, becoming the largest dairy product producers in the United States and the United Kingdom. Their union created the largest dairy producer in the United States with annual earnings of more than three billion dollars. Dean Foods dairy group segment in the year of 2007 was its largest, with approximately 88% of the company’s consolidated net sales in that year. The Dairy Groups manufactures, markets and distributes a wide variety of branded dairy and dairy based products, including creamers, ice cream, cultured dairy products and juices to retailers, distributors, food outlets and not to mention educational and governmental places across the United States that help the company’s growth in sales Today, Dean Foods Company has 100 facilities located in
Dean Foods has become the king of milk by taking over other dairies’ thrones. The leading US producer of fluid milk and dairy products, Dean has grown and continues to grow through acquisitions. Its retail and foodservice dairy products are sold under more than 50 regional, private-label, and national brand names, including Borden, Pet, Country Fresh, and Meadow Gold. In addition, the company manufactures coffee creamers, dips and yogurt, ice cream, and specialty dairy products (lactose-free and organic milk, soy milk, flavored milks). Dean Foods owns and operates Horizon Organic, Rachel’s Organic, and WhiteWave Foods. Key numbers for fiscal year ending December, 2008: Sales: $12,454.6M One year growth: 5.4% Net income: $183.8M Income growth: 39.9% Officers: Chairman and CEO; President, Dairy Group: Gregg L. Engles EVP and CFO: John F. (Jack) Callahan Jr. SVP and CIO: Barbara D. Carlini Sources: http://www.answers
