Garelick Parent Undertakes Efficiency Efforts
Dean Foods, the Texas-based parent company of Franklin's Garelick Farms, said it has a plan to greatly increase the efficiency of the company and save $300 million over the next three to five years.
Dean, the country's largest producer of milk and dairy products, is holding an investor meeting today in Dallas.
The company said it would lower manufacturing costs at its 100 plants by standardizing operations. It also plans to develop a cohesive supply chain network rather than continuing to rely on "a collection of local businesses."
Dean also plans to invest in routing and monitoring technology for its 5,800 delivery routes nationwide and will "standardize and simplify" its product portfolio to reduce complexity and to save on supply costs.
Dean said it would spend about $300 million on capital improvements this year, up from $275 million a year ago. The company raised its earnings outlook and said it expects a 19 percent increase in earnings per share in 2009 compared to 2008.
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