Horizon Announces Profits, New Infant Formula

Horizon Announces Profits, New Infant Formula

BOULDER, Colo.--Horizon Organic Holding Corp. announced itreached a milestone of $200 million in sales on a trailing 12 month basis as ofApril 2003 and saw a 24-percent sales increase in the United States for thefirst quarter of 2003 compared to the same period last year. The company alsoindicated that, according to data from Datamonitor, organic dairy products areexperiencing the highest growth rates in the organic food and beveragecategories, increasing nearly 60 percent over the past five years.

"As the fastest growing segment of the grocery category, the $11 billionorganic food industry is continuing to increase by more than 20 percentannually, showing no signs of slowing down," said Chuck Marcy, chiefexecutive officer of Horizon (www.horizonorganic.com)."The continued growth of Horizon Organic over the last year is testament tothe increasing consumer demand for organic products."

In additional company news, Horizon unveiled Horizon Organic Infant Formulawith Iron, which is certified organic under the U.S. Department of Agriculture(USDA). The first and only USDA-certified formula, scheduled for launch thisfall on the West Coast, contains certified organic fats, carbohydrates andproteins, plus 27 essential vitamins and minerals.