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TMCNet: SmarTrend(R) News Watch: Dean Foods Announces Acquisition of Vandemoortele Division

[June 15, 2009]

SmarTrend(R) News Watch: Dean Foods Announces Acquisition of Vandemoortele Division

Jun 15, 2009 (SmarTrend(R) News Watch via COMTEX) -- Dean Foods (NYSE:DF) announced it has agreed to acquire the Alpro division of Vandemoortele NV, privately held Belgium-based food company. The deal is valued at approximately 325 million euro and is scheduled to be concluded during the third-quarter. "We think this is a great deal that establishes Dean Foods as a clear global leader in the attractive soy beverages and related products category, with over $1 billion in combined annual retail sales," said Gregg Engles, Dean Foods Chairman and CEO. "This is one of the most strategic assets we could have acquired. We see significant opportunities to leverage the collective strengths of both businesses across a global soy platform to accelerate growth." --------------------------------------------------------------------------------------------- SmarTrend scans over 5,000 stocks daily and alerts you when a change in trend is identified. Get a free trial of our trading calls at http://www.TradeTheTrend.com.

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