Dean to Acquire Horizon Foods
CHICAGO -- Dean Foods Co., the largest U.S. dairy processor, said today that it will acquire the 87 percent of Horizon Organic Holding Corp. that it does not already own for $216 million, expanding its organic food product line.
The deal, equal to $24 per share of Horizon Organic, is expected to close during the fourth quarter of 2003, Dallas-based Dean said.
Dean will also assume $40 million in debt.
The deal, equal to $24 per share of Horizon Organic, is expected to close during the fourth quarter of 2003, Dallas-based Dean said.
Dean will also assume $40 million in debt.