Dean Foods Company
Industry: Food Processing

Dean Foods Company manufactures and distributes dairy products and specialty foods. The Company has five operating divisions: Dairy Group, which sells fresh dairy products; Morningstar Foods, which specializes in extended shelf life dairy products; Specialty Foods, which offers a product mix that includes pickles, relishes, sauces, puddings and powdered coffee creamers; Puerto Rico, which comprises the Company's Suiza Dairy operations, and International, which consists solely of its Spanish operations conducted through Leche Celta, a retailer of ultra-high temperature fluid milk. In December 2001, the Company, then Suiza Foods Corporation, acquired Dean Foods Company, a company engaged in the processing, distribution and sales of dairy, pickle and specialty food products

Business Summary
Dean Foods Company is a food and beverage company that operates in three segments: the Dairy Group, WhiteWave Foods Company and the Specialty Foods Group. The Dairy Group is a processor and distributor of milk and various other dairy products in the United States. WhiteWave Foods Company manufactures, markets and sells a variety of soy, dairy and dairy-related products, including Silk soymilk and cultured soy products; Horizon Organic dairy products, juices and other products; International Delight coffee creamers; Marie's refrigerated dips and dressings, and LAND O' LAKES fluid dairy and cultured products. The Specialty Foods Group is a private-label pickle processor in the United States, and a maker of other food products. The Company also has an International Group, which manufactures, markets and sells private-label and branded milk, butter and cream through its internal sales force to retailers and distributors across Spain and Portugal.

Financial Summary
DF is a processor and distributor of fresh milk and other dairy products. The Company has 5 operating divisions, comprising Dairy Group, Morningstar Foods, Specialty Foods, Puerto Rico and International. For the six months ended 6/30/05, net sales rose 6% to $5.20B. Net income from cont. ops. rose 15% to $137M. Results reflect higher raw milk and other input prices passed on to customers and increased profitability at both Dairy Group and WhiteWave Foods.