WhiteWave Foods

WhiteWave Foods
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
Subsidiaries
Website whitewave.com

The WhiteWave Foods Company (NYSE: WWAV) is an American consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, premium dairy products and organic produce throughout North America and Europe. WhiteWave are the subject of a takeover by Danone.

History

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

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

In September 2014 WhiteWave announced they were taking over vegan dessert and beverage company, So Delicious.[3][4][5]Whitewave announced in 31 October 2014 the So Delicious take over 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 has been scheduled for 4 October for stockholders to vote on the Danone takeover. The Whitewave board unanimously recommend the takeover bid is accepted.[8]

Brands

The company’s brands distributed in North America include Horizon Organic premium dairy and pantry products, Silk plant-based foods and beverages, Earthbound Farm organic produce and International Delight and Land O'Lakes coffee creamers and beverages. WhiteWave’s European brands of plant-based foods and beverages include Alpro and Provamel.[1]

References

  1. 1 2 "WhiteWave Foods Company". 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. ↑ http://vegnews.com/articles/page.do?pageId=6558&catId=1
  4. ↑ http://latestvegannews.com/whitewave-foods-owner-of-silk-and-so-delicious-buys-vega/
  5. ↑ http://www.whitewave.com/who
  6. ↑ http://www.bevnet.com/news/2014/whitewave-foods-company-completes-acquisition-of-so-delicious-dairy-free
  7. ↑ http://www.nytimes.com/2016/07/08/business/dealbook/danone-whitewave-deal.html?_r=0
  8. ↑ http://www.whitewave.com/wp-content/uploads/2016/03/Special-St-H-Mtg-press-release-8.15.2016.pdf


This article is issued from Wikipedia - version of the 11/18/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.