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Suiza Foods Co

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September 30, 1997 | Bloomberg News
Suiza Foods Corp. said it will buy Dallas-based Morningstar Group Inc. for about $960 million in equity and assumed debt to create the largest dairy company in the U.S. The purchase will add Morningstar's coffee creamers and dessert toppings to Suiza's dairy business. Morningstar and other pending purchases would make Suiza, also based in Dallas, bigger than the dairy industry's current No. 1, Dean Foods Co. Morningstar, an affiliate of Dallas-based buyout firm Hicks, Muse, Tate & Furst Inc.
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BUSINESS
September 30, 1997 | Bloomberg News
Suiza Foods Corp. said it will buy Dallas-based Morningstar Group Inc. for about $960 million in equity and assumed debt to create the largest dairy company in the U.S. The purchase will add Morningstar's coffee creamers and dessert toppings to Suiza's dairy business. Morningstar and other pending purchases would make Suiza, also based in Dallas, bigger than the dairy industry's current No. 1, Dean Foods Co. Morningstar, an affiliate of Dallas-based buyout firm Hicks, Muse, Tate & Furst Inc.
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