Whitewave Foods is a producer, marketer, distributor and seller of packaged foods and beverages across North America and Europe. The company focuses on high-growth product categories that include plant-based foods and beverages, coffee creamers and premium dairy products. The WhiteWave Foods Company was rated among the leading beverages companies worldwide in 2014. The company generated net sales amounting to 4.2 billion U.S. dollars in 2016. Its segment Americas Foods and Beverages brought in the lion’s share of sales in that year.
- It is the first major transaction by Emmanuel Faber who took over as Danone’s chief executive in 2014 and has vowed to return the group to “strong profitable and sustainable growth” by 2020.
- On July 7, 2016, French food and beverage manufacturer Danone announced a $12.5 billion deal to acquire WhiteWave.
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- The company generated approximately $4 billion in sales during fiscal 2015.
- Hau, former CFO at Arizona Nutritional Supplements and PanTheryx, has more than 30 years of experience in the Consumer Packaged Goods industry, including 18 years working with dairy-related businesses.
- In China, its plant-based beverages were traded under the Silk ZhiPuMoFang brand.
It is the first major transaction by Emmanuel Faber who took over as Danone’s chief executive in 2014 and has vowed to return the group to “strong profitable and sustainable growth” by 2020. After the deal, which is expected to close by year-end, Danone’s North America business will increase to 22 percent of Danone’s total portfolio from 12 percent. The deal, Danone’s largest since the purchase of Dutch baby foods group Numico, is worth $12.5 billion including debt and other liabilities.
Coffee Creamer Brand Focuses on Simplicity and Identity
The WhiteWave Foods Company’s product portfolio in North America contains widely-known brands such as Silk and So Delicious, International Delight and Horizon Organic. In China, its plant-based beverages were traded under the Silk ZhiPuMoFang brand. As of January 2017, the company employed about 5,800 people worldwide. Danone is a food company that distributes yogurt, organic dairy, plant-based beverages, creamers and other products. The merger was allowed to proceed following Danone’s recent antitrust deal with the U.S. Department of Justice, which required the company to sell its Stonyfield organic yogurt brand.
WhiteWave Foods owns such brands as Silk, So Delicious and Earthbound Farm. In September 2014, WhiteWave announced they were taking over vegan dessert and beverage company, So Delicious.
WhiteWave Foods Introduces Cold-Brew Coffee Beverage
WhiteWave’s shares rose as much as 19.8 percent to a record $56.82 and remained above the offer price, indicating investors could be expecting a higher bid for the fast-growing company. French dairy giant Danone is reportedly finding it difficult to attract a buyer for its loss-making organic fresh produce business. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Buyers use our vendor rankings to shortlist companies and drive requests for proposals . Continues, Danone’s acquisition — viewed by some analysts as expensive — could prove to be a bargain. The two companies will combine their North American businesses and will operate under the name DanoneWave.
When did Danone acquire WhiteWave?
Paris, France – April 12 th, 2017 – Danone is pleased to announce that it has today completed its acquisition of WhiteWave. Under the terms of the merger agreement, WhiteWave shareholders will receive $56.25 per share in cash.
Under terms of the agreement, WhiteWave shareholders will receive $56.25 per share in cash. WhiteWave common stock has ceased trading and will be delisted from the New York Stock Exchange. Category-wise, the company was rated as the leading almond milk vendor in the United States in 2016. Within other categories such as coffee creamer and refrigerated skim and low-fat milk, The https://wave-accounting.net/ Company also ranked among the industry leaders. Has entered into an agreement to acquire The WhiteWave Foods Co. for $56.25 per share in a deal valued at approximately $12.5 billion and includes debt and other obligations. The transaction has been approved by the boards of directors of both companies and is expected to be completed by the end of the year. “This transaction will create a leading U.S. refrigerated dairy player, as well as one of the top 15 largest U.S. food and beverage manufacturers,” Danone said.
The plant-based and dairy-free lifestyle — one that is conscious of environmental, ethical, and health concerns. “Danone and WhiteWave are a perfect match to build a global leader leveraging consumer trends and expectations for healthier and more sustainable eating and drinking choices,” said Emmanuel Faber, CEO of Danone. Danone completed its acquisition of WhiteWave on Wednesday, according to a company release.
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