Suiza Foods Corporation (NYSE: SZA) announced today that its Board of Directors has increased the company’s open market share repurchase program for the company’s common stock by $100 million.
Pursuant to the program, the company may, from time to time, purchase shares of its common stock, subject to market conditions.
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Suiza Foods Corporation, based in Dallas, Texas, is the nation’s leading dairy processor and distributor, producing a full line of company-branded and customer-branded products. National brands include International Delight®, Second Nature®, Naturally Yours®, Mocha Mix®, Sun Soy(TM), kidsmilk(TM) and fitmilk(TM). Regional brands consist of Adohr Farms®, Barbe’s®, Brown’s Dairy(TM), Broughton®, Country Fresh®, Dairymen’s®, Flav-O-Rich®, Lehigh Valley Farms®, London’s®, Meadow Gold®, Model Dairy(TM), Garelick Farms(TM), Oak Farms®, Robinson®, Schepps®, Shenandoah’s Pride®, Suiza(TM), Louis Trauth(TM), Tuscan®, Velda Farms® and West Lynn Creamery®, as well as Celta® in Spain. Suiza also sells products under partner or licensed brands in certain regions, including Borden®, Lactaid®, Foremost® and Pet®. Additionally, the company owns approximately 43% of Consolidated Container Company, one of the nation’s largest manufacturers of rigid plastic containers.
