Danone Completes WhiteWave Acquisition


13 Apr 2017 --- French multinational Danone has completed the acquisition of organic producer Whitewave and under the merger agreement, the two will combine activities in North America to operate under the name “DanoneWave."

Making the announcement today (Apr 13) Danone says WhiteWave shareholders will receive $56.25 per share in cash and completion of the transaction means the WhiteWave common stock has ceased trading prior to market opening today and will now be delisted from the New York Stock Exchange.

The strategic business unit DanoneWave will include Danone dairy’s and WhiteWave’s current North American businesses under new CEO Lorna Davis. Alpro will join forces with Danone Dairy as a key pillar of its new plant-based category, managed by Gustavo Valle, with the aim to expand and grow the plant-based category around the world.

”I am thrilled that we have completed the acquisition of WhiteWave”, said Emmanuel Faber, CEO of Danone. “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.”

“With leading positions in some of the fastest growing, health-focused categories, this combination will drive our Alimentation Revolution, our business performance, and will accelerate our 2020 growth journey.” 

“I am convinced that the combined experience and capabilities of our new management team and the extensive preparation work done by the integration team since July will capture the great business opportunities ahead and fully deliver our synergy plan.”

“I am therefore fully confident that we will drive strong value creation and deliver the attractive financial benefits we outlined last July. We now look forward to welcoming our talented new team members from WhiteWave".

Related Articles

Packaging & Technology News

KHS introduces linear aseptic fillers ideal for bottling on-the-go breakfast products

20 Mar 2018 --- German manufacturer of innovative filling and packaging systems, KHS, have introduced new linear aseptic fillers for the bottling of sensitive products in a space-saving block system. Ideal for the packaging of on-the-go breakfast products like smoothies, milk, and yogurts, KHS are focused on providing solutions to the growing "mobile" consumer trend.

Food Ingredients News

Beverage innovation: “Lighter enjoyment,” botanicals and cold brew NPD

20 Mar 2018 --- Current innovation across the beverage category is centered around health and wellbeing, as sugar reformulation and the broader idea of “lighter enjoyment” continues to dominate new product development. Globally, producers are tapping into the growing consumer demand for enjoyable soft and alcoholic drinks that have been given a clean and clear label makeover as innovators continue to dump sugar and reformulate with more natural alternatives.

Food Ingredients News

Frutarom reports “record-breaking results” for 2017

20 Mar 2018 --- Frutarom expects 2018 to be “another record year” as it continues to improve profitability as it posts 2017 results which show sales grew by 18.8 percent to a record US$1,362.4 million. The Israel-based flavor and fragrance company says it is progressing towards achieving its sales target of US$2.25 billion and an EBITDA margin from core activity of 23 percent in 2020.

Food Ingredients News

Cargill starts production of optimized stevia extract

20 Mar 2018 --- Cargill has officially started producing EverSweet,  a zero-calorie, next-generation sweetener made with two of the best tasting sweet compounds found in the stevia leaf, Reb M and Reb D.

Business News

BRAIN acquires a majority stake in Biocatalysts

20 Mar 2018 --- Bio-economy company BRAIN AG (Biotechnology Research and Information Network AG) has announced the share purchase agreement between BRAIN and Biocatalysts Ltd. The takeover of the majority stake of Biocatalysts’s shares by BRAIN is governed and the transaction will be completed within the first quarter of 2018.

More Articles