alpro danone acquisition
The acquisition makes Danone more strongly aligned with consumer trends for healthier and sustainable eating and drinking options… Danone has announced that it is to acquire WhiteWave Foods in a $12.5 billion deal. French dairy and water giant Danone has acquired WhiteWave Foods Company (US), which also owns soy specialist Alpro, based in Flanders. It’s why Danone’s acquisition of WhiteWave makes perfect sense. Danone S.A. is a French multinational food-products corporation based in Paris and founded in Barcelona, Spain.It is listed on Euronext Paris where it is a component of the CAC 40 stock market index. Three years after the acquisition of WhiteWave, Danone is … How did the two brands develop since the acquisition? Danone and Alpro join forces to further fuel plant-based business growth. The clearance is conditional upon the divestment of Danone's "growing-up milk" business in Belgium. The strategic and financial benefits of Danone's acquisition of WhiteWave include: ... Its popular plant-based foods and beverages brands in Europe include Alpro® and Provamel®. Some of the company's products are branded Dannon in the United States.. As of 2018, Danone sold products in 120 markets, and had sales in 2018 of €24.65 billion. The strategic and financial benefits of Danone's acquisition of WhiteWave include: ... Its popular plant-based foods and beverages brands in Europe include Alpro® and Provamel®. *The LAND O LAKES brand is owned by Land O'Lakes, Inc. and is used by license. Totaling EUR 11.3 billion, the deal is Danone’s largest acquisition since 2007. CEO Emmanual Faber told Food Business News at the time that the acquisition placed Danone as a leader in “some of the fastest-growing, health-focused categories.” In the yogurt category, where Danone is the global leader, WhiteWave brings Wallaby Greek-style (actually Australian-style) organic yogurt and, in Europe, Alpro plant-based yogurt. WhiteWave manufactures plant-based products such as soy milk and yoghurts under its Alpro and Provamel brands. Belgian manufacturer of plant-based dairy alternatives Alpro has been caught in a Twitter storm after it tweeted that a healthy diet consists of one third animal-based products. Danone has entered into an agreement to acquire The WhiteWave Foods Company (WhiteWave) for approximately $12.5bn, with the transaction expected to close at the end of the year. Danone said Thursday that it will pay $56.25 per share to acquire WhiteWave, a price that marks a 24% premium to WhiteWave's average closing price ($45.43) over the … 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 Business, News & Multimedia, Photos, Reports, Investment news, Personal finance Danone completed its acquisition of WhiteWave on Wednesday, according to a company release. French dairy giant Danone has entered into an agreement to acquire WhiteWave Foods in a deal that values the Alpro maker at US$12.5bn and doubles Danone's size in the US market. Of course, such traceability comes at a premium – 30% versus the non-GM equivalent on the open market. PARIS — Danone S.A. has completed its $12.5 billion acquisition of The WhiteWave Foods Co., a deal first announced in July 2016. Products. *The LAND O LAKES brand is owned by Land O'Lakes, Inc. and is used by license. Danone announced a deal to acquire WhiteWave Foods this morning (7 July) in a move that values the Alpro maker at around US$12.5bn. Image source: Äkta Vara . Danone and The WhiteWave Foods Company have entered into a definitive merger agreement under which Danone will acquire WhiteWave for $56.25 per share in an all-cash transaction, … This means every product can be traced back to the seed. Danone is active in the European Economic Area (EEA) mainly in dairy products but also in early life nutrition products. Alpro, which is owned by Danone, only buys direct from farmers rather than on the open market. Strong(er) on the American market. In July 2016 it was announced that the French company Danone would purchase WhiteWave Foods for $10.4 billion. The transaction has been unanimously approved by the Board of Directors of both companies. Äkta Vara suggests the product be rebranded 'Best Quality Palm Whip' (right). ”I am thrilled that we have completed the acquisition of WhiteWave”, said Emmanuel Faber, CEO of Danone. Danone is active in the European Economic Area (EEA) mainly in dairy products but also in early life nutrition products. acquisition of WhiteWave, a US-based manufacturer of packaged foods and beverages, by the French Danone group. Join forces to further fuel plant-based business growth a France-based global food and,! Dairy alternatives, like almond and soy milk and yoghurts under its Alpro and Provamel used by.... Danone and Alpro join forces alpro danone acquisition further fuel plant-based business growth such traceability comes at a –... The product be rebranded 'Best Quality Palm Whip ' ( right ) LAND O LAKES brand is by! Versus the non-GM equivalent on the open market announced in July 2016 it announced... 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