WhiteWave Foods
WhiteWave Foods is a consumer packaged food and beverage company based in Broomfield, CO U.S. that manufactured, marketed, distributed, and sold 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.
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Type | Subsidiary |
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Industry | Packaged food |
Fate | Acquired by Danone |
Founded | Boulder, Colorado (1977) |
Headquarters | Broomfield, Colorado , |
Area served | North America and Europe |
Number of employees | 3,800 |
Parent | Danone |
Subsidiaries |
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Website | www |
History
Whitewave Foods was founded in 1977 by Steve Demos in Boulder, Colorado to expand soy into the market.[1]
The company was formerly a subsidiary of Dean Foods, and was spun off in an initial public offering announced in August 2012.[2]
WhiteWave acquired Earthbound Farms, America's largest grower of organic produce, on Jan. 2, 2014, for about $600 million.[3]
In September 2014, WhiteWave announced they were taking over vegan dessert and beverage company, So Delicious.[4][5][6] Whitewave announced on 31 October 2014, the So Delicious takeover was complete.[7]
On July 7, 2016, French food and beverage manufacturer Danone announced a $12.5 billion deal to acquire WhiteWave.[8] 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.[9] 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."[10] The acquisition was completed in April 2017 and newly formed company was named DanoneWave and in April 2018 it was renamed Danone North America.[11][12]
Brands
The company’s brands distributed in North America include Horizon Organic dairy and pantry products, Silk plant-based foods and beverages, 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.[13][14] WhiteWave’s European brands of plant-based foods and beverages include Alpro and Provamel.[2]
See also
References
- https://money.cnn.com/magazines/fsb/fsb_archive/2001/05/01/302536/index.htm
- "WhiteWave Foods Company". The New York Times. Retrieved 9 September 2014.
- "The WhiteWave Foods Company Completes Acquisition of Earthbound Farm". Yahoo! Finance. January 3, 2014. Retrieved 9 September 2014.
- Holland, Colleen (2014-09-19). "WhiteWave Foods Buys So Delicious Dairy Free". Vegnews.com. Retrieved 2016-12-22.
- "WhiteWave Foods, Owner of Silk and So Delicious, Buys Vega". Latestvegannews.com. 2015-06-11. Retrieved 2016-12-22.
- "WhiteWave Foods". Whitewave.com. Retrieved 2016-12-22.
- "WhiteWave Foods Company Completes Acquisition of So Delicious Dairy Free". BevNET.com. 2014-11-03. Retrieved 2016-12-22.
- "anone of France to Buy WhiteWave in $10 Billion Deal to Bolster U.S. Portfolio". The New York Times. Retrieved 2016-12-22.
- "WhiteWave Schedules October 4, 2016 Special Meeting for Vote on Merger Agreement with Danone" (PDF). Whitewave.com. Retrieved 2016-12-22.
- Agnew, Harriet (March 31, 2017). "Danone to sell US dairy subsidiary to speed up WhiteWave deal". Financial Times. Retrieved April 3, 2017.
- Cornall, Jim. "Danone completes acquisition of WhiteWave to create DanoneWave". Dairyreporter.com. Retrieved 2017-12-27.
- Kaye, Leon (April 13, 2018). "Danone North America is Now the Largest B Corp on Earth". Triple Pundit. Retrieved 18 April 2018.
- Castle, Shay. "Danone completes $10 billion acquisition of Broomfield's WhiteWave". The Denver Post. Retrieved 2017-12-27.
- "Plunkett's Food Industry Almanac 2008". Plunkett Research. Retrieved 2017-12-27.