| Business Summary | | Horizon
Organic
Holding
Corp.
produces,
processes
and
markets
a
brand
of
certified
organic
fluid
milk
and
a
full
line
of
refrigerated
certified
organic
dairy
products.
Horizon
Organic
introduced
its
first
products,
organic
nonfat
yogurts,
in
1992.
The
Company
introduced
organic
fluid
milk
in
1993
and
since
that
time
it
has
developed
and
introduced
a
number
of
new
organic
dairy
products,
including
cottage
cheese,
hard
cheese,
butter,
sour
cream
and
more
recently,
organic
citrus
juices.
In
addition,
the
Company
currently
licenses
its
brand
to
Glenwood
Foods
LLC
and
NuCal
Foods
Inc.
for
use
in
connection
with
the
sale
of
organic
eggs.
Horizon
markets
its
products
in
the
UK
under
the
brand
names
Rachel's,
Meadow
Farms
and
Organic
Matters.
In
fiscal
2000,
the
Company's
two
largest
accounts
were
United
Natural
Foods
and
H.P.
Hood. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Horizon
Organic
Holding
produces,
processes
and
markets
certified
organic
fluid
milk
and
a
full
line
of
refrigerated
certified
organic
dairy
products.
For
the
six
months
ended
6/30/01,
net
sales
rose
36%
to
$76
million.
Net
income
fell
75%
to
$207
thousand.
Revenues
reflect
increased
sales
of
existing
products
to
existing
accounts
and
the
continued
expansion
of
distribution
channels.
Earnings
were
offset
by
increased
selling
and
goodwill
amortization
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas McCloskey, Jr., 54 Chairman | -- | Charles Marcy, 50 Pres,
CEO, Director | $379K | Thomas Briggs, 52 CFO,
Sr. VP-Fin. and Admin, Treasurer, Assistant Sec. | -- | Clark Driftmier, 47 Sr.
VP of Sales and Marketing | 135K | Stephen Jacobson, 57 VP-Operations | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|