17.11.2003: Meldung: Horizon Organic: Board of Directors Votes to Extend Merger Agreement

Horizon Organic Board of Directors Votes to Extend Merger Agreement
Friday November 14, 5:17 pm ET

Dean Foods Company and Horizon Organic Expect to Close Transaction in Early January 2004

DALLAS and BOULDER, Colo., Nov. 14 / The Horizon Organic Holding Corporation (Nasdaq: HCOW - News) Board of Directors today voted to approve an extension of the merger agreement with Dean Foods Company (NYSE: DF - News) to January 15, 2004. Dean Foods and Horizon Organic announced today that they anticipate closing the merger transaction in early January 2004.A joint proxy will be mailed to Horizon Organic shareholders on or about November 21, 2003, and Horizon Organic expects to hold its shareholder meeting to vote on the transaction on December 18, 2003.
About Horizon Organic
Horizon Organic Holding Corporation markets the leading brand of certified organic foods in the U.S. and the leading certified brand of organic milk in both the U.S. and the U.K. In the U.S. its products include organic milk, a full-line of organic dairy products, organic eggs and juices. In the U.K., the company markets organic yogurt, milk and butter under the Rachel"s Organic brand. For more information, please visit the company"s web site at www.horizonorganic.com .
About Dean Foods
Dean Foods Company is one of the nation"s leading food and beverage companies. The company produces a full line of company-branded and private label dairy products such as milk and milk-based beverages, ice cream, coffee creamers, half and half, whipping cream, whipped toppings, sour cream, cottage cheese, yogurt, dips, dressings and soy milk. The company is also a leading supplier of pickles and other specialty food products, juice, juice drinks and water. The company operates over 120 plants in 36 U.S. states and Spain, and employs approximately 28,000 people.

Horizon Organic: Jennifer J. Matuschek
Director of Investor Relations
303.530.2711 x178
Dean Foods: Cory Olson
Senior Vice President and Treasurer
(214) 303-3645
P.I. Aquino
Assistant Treasurer
(214) 303-3437

Source: Dean Foods Company; Horizon Organic Holding Corporation
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