Danone North America

Last updated
Danone North America
Formerly
  • WhiteWave Foods
    (1977–2017)
  • DanoneWave (2017–2018)
Company type Subsidiary
Industry Food
Founded1977;48 years ago (1977) in Boulder, Colorado
FounderSteve Demos
FateAs WhiteWave Foods:
Acquired by Dean Foods in 2002, then in 2016 by Danone
Headquarters
Broomfield, Colorado
,
U.S.
Area served
North America and Europe
Brands
Number of employees
3,800
Parent
Subsidiaries
Website danonenorthamerica.com

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 (including yogurt), plant-based foods and beverages, coffee creamers, and organic produce throughout North America and Europe.

Contents

WhiteWave was purchased by French conglomerate Danone in 2017 [1] for $12.5 billion, and was then renamed to "DanoneWave". [2]

History

The company was established as "WhiteWave Foods" in 1977 by Steve Demos in Boulder, Colorado, to expand soy into the market. [3]

The company was formerly a subsidiary of Dean Foods, and was spun off in an initial public offering announced in August 2012. [4] [5] Dean Foods had acquired WhiteWave in May 2002. [6] [7]

WhiteWave acquired Earthbound Farm, America's largest grower of organic produce, on January 2, 2014, for about $600 million. [8]

In September 2014, WhiteWave announced they were taking over vegan dessert and beverage company, So Delicious. [9] [10] [11] WhiteWave announced on October 31, 2014, that the So Delicious takeover was complete. [12]

On July 7, 2016, French food and beverage manufacturer Danone announced a $12.5 billion deal to acquire WhiteWave. [2] 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. [13] 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." [14] The acquisition was completed in April 2017 and newly formed company was named "DanoneWave" and in April 2018 it was renamed "Danone North America". [15] [16] It now operates as a subsidiary and the US headquarters remains in Denver. [17]

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, Too Good, and International Delight and Land O'Lakes coffee creamers and beverages. [18] [19] WhiteWave’s European brands of plant-based foods and beverages include Alpro and Provamel. [4]

See also

References

  1. ↑ "Danone seals the deal with WhiteWave". foodbusinessnews.net. Retrieved 2021-06-05.
  2. 1 2 Strom, Stephanie (7 July 2016). "Danone of France to Buy WhiteWave in $10 Billion Deal to Bolster U.S. Portfolio". The New York Times . Retrieved 2016-12-22.
  3. ↑ Profile In Persistence By Bethany Mclean on CNN Business, May 1, 2001
  4. 1 2 "WhiteWave Foods Company". The New York Times . Retrieved 9 September 2014.
  5. ↑ Dean Foods Announces Spin-Off of The WhiteWave Foods Company, 1 May 2013, Dean Foods press release
  6. ↑ Dean Foods Completes White Wave Transaction, 9 May 2002
  7. ↑ Dean Foods goes bust thanks to a fatal error: shying away from alt-milk. November 13, 2019. Rob Leclerc at AG Funder News
  8. ↑ "The WhiteWave Foods Company Completes Acquisition of Earthbound Farm". Yahoo! Finance. January 3, 2014. Retrieved 9 September 2014.
  9. ↑ Holland, Colleen (2014-09-19). "WhiteWave Foods Buys So Delicious Dairy Free". Vegnews.com. Retrieved 2016-12-22.
  10. ↑ "WhiteWave Foods, Owner of Silk and So Delicious, Buys Vega". Latestvegannews.com. 2015-06-11. Archived from the original on 2016-09-27. Retrieved 2016-12-22.
  11. ↑ "WhiteWave Foods". Whitewave.com. Archived from the original on 2016-11-29. Retrieved 2016-12-22.
  12. ↑ "WhiteWave Foods Company Completes Acquisition of So Delicious Dairy Free". BevNET.com. 2014-11-03. Retrieved 2016-12-22.
  13. ↑ "WhiteWave Schedules October 4, 2016 Special Meeting for Vote on Merger Agreement with Danone" (PDF). Whitewave.com. Archived from the original (PDF) on 2016-09-27. Retrieved 2016-12-22.
  14. ↑ Agnew, Harriet (March 31, 2017). "Danone to sell US dairy subsidiary to speed up WhiteWave deal". Financial Times . Retrieved April 3, 2017.
  15. ↑ Cornall, Jim (12 April 2017). "Danone completes acquisition of WhiteWave to create DanoneWave". Dairyreporter.com. Retrieved 2017-12-27.
  16. ↑ Kaye, Leon (April 13, 2018). "Danone North America is Now the Largest B Corp on Earth". Triple Pundit. Retrieved 18 April 2018.
  17. ↑ Greg Avery (April 6, 2020). "Colorado food company hikes pay for production workers". Denver Business Journal. Retrieved January 29, 2023. (subscription required)
  18. ↑ Castle, Shay. "Danone completes $10 billion acquisition of Broomfield's WhiteWave". The Denver Post. Retrieved 2017-12-27.
  19. ↑ Plunkett's Food Industry Almanac 2008. Plunkett Research. 2008. ISBN   9781593921064 . Retrieved 2017-12-27.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.