EXHIBIT 99.1

DEAN HOLDING COMPANY

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME
For the Three Months Ended March 31, 2005

		Historical		Adjustments			Pro Forma
	(In thousands)
Net sales		$	1,063,298	$	(157,157	)	$	906,141
Cost of sales			813,280		(122,624	)		690,656
Gross profit			250,018		(34,533	)		215,485
Operating costs and expenses			181,017		(17,668	)		163,349
Other expense			13,724		(132	)		13,592
Income from continuing operations before income taxes			55,277		(16,733	)		38,544
Income taxes			21,003		(6,221	)		14,782
Income from continuing operations		$	34,274	$	(10,512	)	$	23,762

DEAN HOLDING COMPANY

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME
For the Year Ended December 31, 2004

		Historical		Adjustments			Pro Forma
	(In thousands)
Net sales		$	4,309,875	$	(676,768	)	$	3,633,107
Cost of sales			3,318,899		(536,677	)		2,782,222
Gross profit			990,976		(140,091	)		850,885
Operating costs and expenses			725,385		(87,726	)		637,659
Other expense			53,090		(339	)		52,751
Income from continuing operations before income taxes			212,501		(52,026	)		160,475
Income taxes			81,141		(19,072	)		62,069
Income from continuing operations		$	131,360	$	(32,954	)	$	98,406

DEAN HOLDING COMPANY

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
As of March 31, 2005

	Historical			Adjustments			Pro Forma
	(In thousands, except share data)
ASSETS
Current assets:
Cash and cash equivalents	$	7,332		$	(88	)	$	7,244
Accounts receivables, net		293,011			(30,139	)		262,872
Inventories		212,357			(103,960	)		108,397
Other current assets		76,194			(10,464	)		65,730
Total current assets		588,894			(144,651	)		444,243
Property, plant and equipment		633,939			(125,172	)		508,767
Goodwill		1,425,252			(306,473	)		1,118,779
Identifiable intangible and other assets		225,951			(21,966	)		203,985
Total	$	2,874,036		$	(598,262	)	$	2,275,774
LIABILITIES AND STOCKHOLDER’S EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	352,018		$	(57,235	)	$	294,783
Income taxes payable		4,961			—			4,961
Current portion of long-term debt		99,896			(219	)		99,677
Total current liabilities		456,875			(57,454	)		399,421
Long-term debt		766,377			(5,266	)		761,111
Deferred income taxes		228,945			(43,319	)		185,626
Other long-term liabilities		151,589			(19,584	)		132,005
Stockholder’s equity:
Common stock, 1,000 shares issued and outstanding at March 31, 2005 with a par value $0.01 per share		—			—			—
Additional paid-in capital		1,391,603			—			1,391,603
Retained earnings		476,163			(475,101	)		1,062
Receivable from parent		(578,723	)		—			(578,723	)
Accumulated other comprehensive income (loss)		(18,793	)		2,462			(16,331	)
Total stockholder’s equity		1,270,250			(472,639	)		797,611
Total	$	2,874,036		$	(598,262	)	$	2,275,774