US diary processor Dean Foods has said it will acquire the 87% of Horizon Organic that it does not already own for US$216m, in a bid to expand its organic food product line.
The deal, equal to $24 per share of Horizon Organic, is expected to close in the fourth quarter of 2003.
Dallas-based Dean Foods will also assume $40m in debt, reported Reuters.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
