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Notes to Consolidated Financial Statements
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22. Related Party transactions
The Company has a 50% voting interest in Melrose Dairy Proteins, LLC,
a joint venture with Dairy Farmers of America formed in April 2001.
For the years ended December 31, 2003, 2002 and 2001, the Company
purchased $15.1 million, $18.6 million and $1.3 million, respectively,
in product from the venture and sold $95.2 million, $96.1 million
and $63.2 million, respectively, in product to the venture.
The Company has a 50% voting interest in Agriliance LLC, a joint venture
with United Country Brands formed in July 2000. For the years ended
December 31, 2003, 2002 and 2001, the Company sold services to the
venture of $9.2 million, $8.3 million and $7.1 million, respectively.
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