WhiteWave Foods Archives

And an excellent fit with Danone, focusing on organic, dairy foods,” said Canaccord Genuity Ltd analysts. WhiteWave, which specializes in organic products, has outperformed mainstream packaged food businesses in recent years as consumers shift toward natural foods and healthier eating. PARIS – France’s Danone said on Thursday it would double the size of its U.S. business by buying organic foods producer WhiteWave Foods Co for $10.4 billion in its largest acquisition since 2007. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by WHITEWAVE FOODS Co. DanoneWave says its aim as a “public benefit corporation”​ is to produce healthy dairy and plant-based products made through sustainable agriculture practices while creating economic and social values.

From breaking news to R&D insights, we’ll send you the top stories affecting the industry. RBC Capital Markets analysts said the deal was “a big stretch financially notwithstanding Whitewave Foods its obvious strategic attractions”. Danone is paying about 21.2 times 2016 estimated EBITDA for WhiteWave, above the average multiple of around 15 times in recent dairy deals.

WHITEWAVE FOODS Co

On August 15, WhiteWave announced a meeting had been scheduled for October 4 for stockholders to vote on the Danone takeover. The WhiteWave board unanimously recommend that the takeover bid be accepted. The transaction also will diversify Danone’s presence in the United States, which primarily consists of the dairy companies The Dannon Co., Stonyfield Farm and the Yocrunch Co. as well as some bottled water brands. Once the transaction is closed, business in North America will increase from 11% of the company’s portfolio to 22%.

DanoneWave will receive a $700,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing companies, to assist the county with the project. The company will also be eligible to receive sales and use tax exemptions on manufacturing equipment. Additional funding and services to support the company’s employee training activities will be provided through the VIP program. DanoneWave, the newly combined business unit of Danone and WhiteWave, will invest up to $60m to expand its plant-based beverage manufacturing operations at its Mount Crawford, Virginia, facility. Has completed its $12.5 billion acquisition of The WhiteWave Foods Co., a deal first announced in July 2016.

U.S. v. Danone S.A. and The WhiteWave Foods Company

Prior to WhiteWave, Hau spent 15 years at Unilever in various roles, including Controller for the North American ice cream business, which included the Breyers, Popsicle, Ben & Jerry’s, Klondike and Good Humor brands. Hau’s first goal at Kinderhook, N.Y.-based Maple Hill is to strengthen its economic position to ensure it has solid financial strength to continue building the brand. We do it directly, through regenerative farming practices, in a way that actually sequesters carbon and improves the earth’s degrading soil.” Hau received a B.S. In business administration from Marquette University and an MBA from Northwestern University’s Kellogg School of Management. It allows the company to better align its product portfolio with consumer trends for healthier and sustainable eating and drinking options. Plant-based alternatives to milk and yogurt are among the fastest growing categories in the industry, according to the company, and WhiteWave has been the fastest growing food and beverage company in the United States and one of the fastest growing in Europe for the past four years. Danone North America is a consumer packaged food and beverage company based in White Plains, New York, U.S., that manufactures, markets, distributes, and sells branded premium dairy products, plant-based foods and beverages, coffee creamers, and organic produce throughout North America and Europe.

• Since Danone first announced it would acquire the fast-growing organic foods maker WhiteWave for $12.5 billion last year, analysts predicted the purchase would give it a premier position in soy and plant-based products popular with American consumers.
• The company generates $4 billion of sales and Danone said it would be able to achieve synergies of $300 million by 2020, representing 8 percent of WhiteWave’s 2015 sales and 80 percent of WhiteWave 2015 earnings before interest and taxes.
• September 2, 2022 Maple Hill Creamery named Jim Hau as president, who will also retain the role of chief financial officer he has held since 2021.
• “With the support of our employees, business partners and the community at large, including the Commonwealth, we are able to provide better-for-you food and beverage choices,”​ Dan Poland, chief supply chain officer for DanoneWave, said.
• The company owns such brands as Silk, So Delicious, Horizon Organic, Earthbound Farm and Alpro.
• And an excellent fit with Danone, focusing on organic, dairy foods,” said Canaccord Genuity Ltd analysts.

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 https://wave-accounting.net/ 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.

Missing: WhiteWave Foods’s Product & Differentiators

Danone expects the acquisition to raise its full year like-for-like sales growth by an extra 0.5% to 1%and boost run-rate operating profits to $300 million by 2020. Improving the company’s dairy division has been a top priority for executives at Danone. “With the support of our employees, business partners and the community at large, including the Commonwealth, we are able to provide better-for-you food and beverage choices,”​ Dan Poland, chief supply chain officer for DanoneWave, said.

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.

DairyReporter

September 2, 2022 Maple Hill Creamery named Jim Hau as president, who will also retain the role of chief financial officer he has held since 2021. 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. Hau brings a track record of leading mission-critical initiatives that include building corporate financial infrastructures, departments and teams; integrating business acquisitions; and preparing for IPO. In addition, he brings a track record of success in mergers and acquisitions integration, strategic financial planning, capital raising and organizational restructuring. “I’m proud and excited to be taking this leadership role with such a trusted brand at such an exciting time in the market, when the consumer is looking for healthy premium products derived from regenerative agriculture,” said Hau.

“We are creating a truly global leader in line with lasting consumer trends for more healthier options,” Faber told a call with analysts. Danone, known for its Activia and Actimel yoghurts, said it was offering $56.25 per share in cash, a 24 percent premium to WhiteWave’s 30-day average closing price. The purchase will help Danone pursue affluent consumers by adding WhiteWave’s popular health food offerings such as Silk almond milk, Earthbound Farm organic salad and Horizon organic milk to its lineup as it struggles in more challenging markets such as Brazil and Russia. “We are thrilled to carry on Virginia’s 30-year corporate partnership with legacy WhiteWave Foods to DanoneWave, and look forward to the company’s next chapter in Rockingham County as it expands its product portfolio,”​ Virginia Governor Terry McAuliffe said. The transaction was subject to several regulatory hurdles over the past year. Most recently, Danone said it would to sell its Stonyfield organic yogurt business in the coming months as part of an agreement in principle with the Antitrust Division of the U.S. Craft.co needs to review the security of your connection before proceeding.

Research containing WhiteWave Foods

Emmanuel Faber, c.e.o. 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,” said Emmanuel Faber, c.e.o. of Danone. “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. The combination of Danone and WhiteWave in North America will operate as a strategic business unit named DanoneWave and will include the current North American businesses of Danone Dairy and WhiteWave under the leadership of Lorna Davis, chief executive officer of the combined entity. WhiteWave’s European brand Alpro will become part of a newly created plant-based business unit within Danone. 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 was formerly a subsidiary of Dean Foods, and was spun off in an initial public offering announced in August 2012.
• In business administration from Marquette University and an MBA from Northwestern University’s Kellogg School of Management.
• On August 15, WhiteWave announced a meeting had been scheduled for October 4 for stockholders to vote on the Danone takeover.
• The plant-based and dairy-free lifestyle — one that is conscious of environmental, ethical, and health concerns.
• In September 2014, WhiteWave announced they were taking over vegan dessert and beverage company, So Delicious.

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