USA: Suiza Foods Corporation increases share repurchase authorization by $100 million
Suiza Foods Corporation (NYSE: SZA) announced today that its Board of Directors has increased the company's open market share repurchase program for the company's common stock by $100 million.Pursuant to the program, the company may, from time to time, purchase shares of its common stock, subject to market conditions.Suiza Foods Corporation, based in Dallas, Texas, is the nation's leading dairy processor and distributor, producing a full line of company-branded and customer-branded products. National brands include International Delight®, Second Nature®, Naturally Yours®, Mocha Mix®, Sun Soy(TM), kidsmilk(TM) and fitmilk(TM). Regional brands consist of Adohr Farms®, Barbe's®, Brown's Dairy(TM), Broughton®, Country Fresh®, Dairymen's®, Flav-O-Rich®, Lehigh Valley Farms®, London's®, Meadow Gold®, Model Dairy(TM), Garelick Farms(TM), Oak Farms®, Robinson®, Schepps®, Shenandoah's Pride®, Suiza(TM), Louis Trauth(TM), Tuscan®, Velda Farms® and West Lynn Creamery®, as well as Celta® in Spain. Suiza also sells products under partner or licensed brands in certain regions, including Borden®, Lactaid®, Foremost® and Pet®. Additionally, the company owns approximately 43% of Consolidated Container Company, one of the nation's largest manufacturers of rigid plastic containers.
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