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Article: Dean Foods Buys Remaining Stake in Longmont, Colo.-Based Horizon Organic.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 1, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Matt Branaugh, Daily Camera, Boulder, Colo. Knight Ridder/Tribune Business News
Jul. 1--The Happy Cow got a whole lot happier on Monday.
Dean Foods Co. said Monday it will pay $216 million and assume $40 million in debt to buy the remaining 87 percent stake it didn't already own in Longmont-based Horizon Organic Holding Corp., the organic dairy products maker with a blissful bovine logo.
The deal, pending shareholder approval and expected to close during fourth ...uarter, will make Horizon a wholly owned subsidiary of Dallas-based Dean Foods, the nation's largest dairy distributor.
Horizon's head...uarters and executive team ...