M&A Deal Summary

Dean Foods Acquires Horizon Organic Holding

On July 1, 2003, Dean Foods acquired food company Horizon Organic Holding from Cornerstone Holdings for 216M USD

Acquisition Highlights
  • This is Dean Foods’ 5th transaction in the Food sector.
  • This is Dean Foods’ 2nd largest (disclosed) transaction.
  • This is Dean Foods’ 6th transaction in the United States.
  • This is Dean Foods’ 1st transaction in Colorado.

M&A Deal Summary
Date 2003-07-01
Target Horizon Organic Holding
Sector Food
Buyer(s) Dean Foods
Sellers(s) Cornerstone Holdings
Deal Type Add-on Acquisition
Deal Value 216M USD
Advisor(s) League Park Advisors LLC (Financial)

Target

Horizon Organic Holding

Longmont, Colorado, United States
website
Horizon Organic Holding Corp., is a organic dairy brand. Horizon Organic continues to lead with insight, integrity and unwavering commitment to organic principles.

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Buyer(S) 1

Buyer

Dean Foods

Dallas, Texas, United States

website

Category Company
Founded 1925
Sector Food
Employees15,000
Revenue 7.8B USD (2018)
DESCRIPTION
Dean Food's corporate headquarters in Dallas, Texas.
Dean Food's corporate headquarters in Dallas, Texas.

Dean Foods is a processor and distributor of dairy products. Dean Foods was formed in 1925 and is based in Dallas, Texas.

DEAL STATS #
Overall 6 of 11
Sector (Food) 5 of 9
Type (Add-on Acquisition) 4 of 7
State (Colorado) 1 of 2
Country (United States) 6 of 10
Year (2003) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-27 Agrilink - Pickle Business

Tacoma, Washington, United States

Agrilink - Pickle Busines, provides food services in pickle, pepper and relish products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-15 Vandemoortele N.V. - Alpro Division

Belgium

Alpro is a European leader in branded soy-based beverage and food products. Alpro has five manufacturing sites in Belgium, the United Kingdom, France and the Netherlands, and employs approximately 750 people.

Buy €325M

Seller(S) 1

SELLER

Cornerstone Holdings

Denver, Colorado, United States

Investor Investor Investor Investor

website

Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

Cornerstone Holdings LLC is a private investment firm focused on direct company investments as well as real estate opportunities. Within its direct investment practice, Cornerstone generally targets growth oriented companies with $2 to $40 million of sales and $1 to $5 million of EBITDA. The Firm's target investment size is $4 to $15 million. Cornerstone prefers prefers majority equity ownership positions or outright control when investing. Prospective transaction situation includes recapitalizations, LBOs, MBOs, and growth capital financings. Cornerstone Holdings LLC is based in Broomfield, Colorado with an additional office in Anahola, Hawaii.

DEAL STATS #
Overall 1 of 8
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (Colorado) 1 of 2
Country (United States) 1 of 8
Year (2003) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Speakeasy

Seattle, Washington, United States

Speakeasy is a broadband voice (VoIP), data and IT service providers. Speakeasy helps small businesses succeed by offering simplified voice and data solutions that improve the customer experience, increase employee productivity and help cut costs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Zavata

Conshohocken, Pennsylvania, United States

Zavata, a voice tech help desk provider to large enterprise customers, was acquired in by Apollo Health Street (AHS), a global healthcare outsourcing solutions provider.

Buy -
Mergr

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