Integration Progress
Closed the Suiza-Dean merger December 2001
On track to exceed original synergy targets
- Increased 2002 target from $60 million to $100 million or more
- Increased long term target to $150 million a year
- Investing greater synergies against future brand growth
Synergies from many areas
- Purchasing (packaging, ingredients, etc.)
- Rationalizing manufacturing functions
- Eliminating duplicate corporate overhead
- Consolidating benefit plans
Closed 5 Dairy Group and 2 Specialty Foods facilities