More organic direction on Dean's horizon
Jan 5, 2004 12:00 PM, from staff and wire reports
Dean Foods Co has completed the acquisition of Horizon Organic Holding Corp. Dallas TX-based Dean Foods acquired the 87% equity interest in Horizon Organic it did not already own for approximately $216 million in cash, or $24 per share, and the assumption of about $40 million in debt.Horizon Organic markets certified organic foods in the United States and United Kingdom. Its product line in the United States includes organic milk, dairy products and juices, pudding, and fruit jels. In the United Kingdom, the company markets organic milk, yogurt, and butter under the RachelÕs Organic brand.
