Dean Foods 2003 Achievements (cont’d)
Focused on optimizing plant network
- Closed 4 operations and 1 distribution facility in 2003
- 6-8 plant closures anticipated in 2004
Strengthening our financial position
- Redeemed $600 million in trust-issue preferred securities
- Restructured bank debt and increased receivables securitization facility to increase liquidity and lower interest costs