Dean Foods to Vigorously Contest Justice Department Complaint
January 22 2010 - 8:31PM
PR Newswire (US)
Says Acquisition of Wisconsin Plants Benefits Farmers and Customers
DALLAS, Jan. 22 /PRNewswire-FirstCall/ -- Dean Foods (DF) announced
that it was contesting a complaint filed today by the Department of
Justice challenging its April 2009 acquisition of Foremost Farms.
The company believes its acquisition of the DePere and Waukesha,
Wis. fluid milk processing plants from Foremost is fully compliant
with antitrust laws, and will defend itself vigorously against the
complaint. The company believes that, from the time of the
acquisition almost a year ago, this transaction has benefitted
Wisconsin dairy farmers by providing a stable and growing outlet
for their milk. In addition, the transaction already has produced
important cost savings that will benefit customers and spur
competition in and around Wisconsin. It promises to deliver even
greater customer benefits once the DePere and Waukesha plants are
fully integrated into the Dean network. The company believes an
objective judicial review of the facts will reveal that competition
is alive and flourishing in Wisconsin. ABOUT DEAN FOODS Dean Foods
is one of the leading food and beverage companies in the United
States. The Company's Fresh Dairy Direct business is the largest
processor and distributor of milk and other dairy products in the
country. The WhiteWave-Morningstar business produces and sells a
variety of nationally branded soy, dairy and dairy-related
products. Popular brands include: Silk® soymilk, Horizon Organic®
milk and dairy products, International Delight® coffee creamers,
and LAND O'LAKES® creamers. Additionally, the WhiteWave-Morningstar
segment produces and sells private label cultured and extended
shelf life dairy products through the Morningstar platform. Dean
Foods' business also includes Alpro®, the pan-European leader in
branded soy food products. CONTACT: Marguerite Copel Corporate
Communications 214-721-1273 DATASOURCE: Dean Foods CONTACT:
Marguerite Copel, Corporate Communications of Dean Foods,
+1-214-721-1273 Web Site: http://www.deanfoods.com/
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