2003 Events
Realign and sharpen focus
- Announced the formation of Dean Branded Products Group to focus on sales, marketing and innovation
- Shift manufacturing responsibilities to Dean Dairy Group
- Hired Mike Keown, 20 year food and beverage veteran
Converted $600 million of TIPES to common stock
Increased bank facilities and lowered borrowing margins
Streamline and focus the business via acquisitions and divestitures
- Completed acquisition of Melody Farms
- Sold frozen pre-whipped topping business
- Completed acquisition of Kohler Mix Specialties
- Pending acquisition of Horizon Organic