A Unique Balance of Businesses
Positioned for 8-10% Long-Term Earnings
1 Excludes possible facility closing costs, future acquisitions / divestitures and one-time items
Dairy Group
- Stable, predictable earnings
- Synergy opportunities
- Volume growth
- Strong cash flow
- National refrigerated direct store delivery network
WhiteWave Foods
- Significant growth potential
- Large, growing categories
- Strong national brands
- Value-added margins
- Leverage through consolidation