USA: Suiza Foods and Dean Foods to merge, new company to take Dean name
The two largest dairy interests in the US are set to merge. Suiza Foods has confirmed it is to acquire Dean Foods in a deal worth US$2.5bn. Suiza will pay US$1.5bn in cash and stock while also assuming US$1bn of Dean Food's debt. The new company, which is to be called Dean Foods but based in Suiza home city Dallas, will generate enormous sales of around US$10bn. This equates to over 30% of the milk consumed within the US, heralding a major change for the US$25bn market traditionally dominated by smaller, local companies.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- US food next wave on display at Winter Fancy Food
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Nestle organic growth slows but beats expectations
- Suntory to offload Australia, New Zealand foods
- Post: Weetabix "opens up M&A opportunities"