WhiteWave Foods

WhiteWave Foods
Subsidiary of Danone
Traded as NYSE: WWAV
Industry Packaged food
Founded Boulder, Colorado (1977)
Headquarters Broomfield, Colorado, US
Area served
 North America and Europe
Number of employees
 3,800
Parent Danone
Subsidiaries
Website whitewave.com

WhiteWave Foods was an American consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers, premium dairy products, and organic produce throughout North America and Europe. WhiteWave was purchased by Danone and now does business as Danone North America.

History

The company was formerly a subsidiary of Dean Foods, and was spun off in an initial public offering announced in August 2012.[1]

WhiteWave acquired Earthbound Farms, America's largest grower of organic produce, on Jan. 2, 2014, for about $600 million.[2]

In September 2014, WhiteWave announced they were taking over vegan dessert and beverage company, So Delicious.[3][4][5] Whitewave announced on 31 October 2014, the So Delicious takeover was complete.[6]

On July 7, 2016, French food and beverage manufacturer Danone announced a $12.5 billion deal to acquire WhiteWave.[7] On 15 August, WhiteWave announced a meeting had been scheduled for 4 October for stockholders to vote on the Danone takeover. The Whitewave board unanimously recommend that the takeover bid be accepted.[8] On March 31, 2017, Danone announced it had reached an agreement with the US Department of Justice concerning its WhiteWave transaction for $12.5 billion, wherein Danone sold its "Stonyfield dairy subsidiary in the months after the WhiteWave acquisition closes."[9] The acquisition was completed in April 2017 and newly formed company was named DanoneWave and in April 2018 it was renamed Danone North America.[10][11]

Brands

The company’s brands distributed in North America include Horizon Organic dairy and pantry products, Silk plant-based foods and beverages, Earthbound Farm organic produce, Left Field Farms creamer and milk, Stok cold-brew coffee, So Delicious nut milk and yogurt, and International Delight and Land O'Lakes coffee creamers and beverages.[12][13] WhiteWave’s European brands of plant-based foods and beverages include Alpro and Provamel.[1]

See also

References

  1. 1 2 "WhiteWave Foods Company". The New York Times. Retrieved 9 September 2014.
  2. ↑ "The WhiteWave Foods Company Completes Acquisition of Earthbound Farm". Yahoo! Finance. January 3, 2014. Retrieved 9 September 2014.
  3. ↑ Holland, Colleen (2014-09-19). "WhiteWave Foods Buys So Delicious Dairy Free". Vegnews.com. Retrieved 2016-12-22.
  4. ↑ "WhiteWave Foods, Owner of Silk and So Delicious, Buys Vega". Latestvegannews.com. 2015-06-11. Retrieved 2016-12-22.
  5. ↑ "WhiteWave Foods". Whitewave.com. Retrieved 2016-12-22.
  6. ↑ "WhiteWave Foods Company Completes Acquisition of So Delicious Dairy Free". BevNET.com. 2014-11-03. Retrieved 2016-12-22.
  7. ↑ "anone of France to Buy WhiteWave in $10 Billion Deal to Bolster U.S. Portfolio". The New York Times. Retrieved 2016-12-22.
  8. ↑ "WhiteWave Schedules October 4, 2016 Special Meeting for Vote on Merger Agreement with Danone" (PDF). Whitewave.com. Retrieved 2016-12-22.
  9. ↑ Agnew, Harriet (March 31, 2017). "Danone to sell US dairy subsidiary to speed up WhiteWave deal". Financial Times. Retrieved April 3, 2017.
  10. ↑ Cornall, Jim. "Danone completes acquisition of WhiteWave to create DanoneWave". Dairyreporter.com. Retrieved 2017-12-27.
  11. ↑ Kaye, Leon (April 13, 2018). "Danone North America is Now the Largest B Corp on Earth". Triple Pundit. Retrieved 18 April 2018.
  12. ↑ Castle, Shay. "Danone completes $10 billion acquisition of Broomfield's WhiteWave". The Denver Post. Retrieved 2017-12-27.
  13. ↑ "Plunkett's Food Industry Almanac 2008". Plunkett Research. Retrieved 2017-12-27.
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