“Results for the second quarter were in-line with expectations,” said Gregg Tanner, CEO of Dean Foods. “We successfully offset the majority of the volume deleverage associated with lower volumes in the quarter through execution behind our accelerated cost reduction and productivity agenda. These initiatives build on our competitive advantages and position us to succeed going forward.
“Additionally, we have continued to make progress in other areas as well, including the recent replacement of our credit facility and the disposition of our remaining WhiteWave ownership interest that delivered $589m to Dean Foods to further bolster our financial strength and flexibility.”
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