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Danone to Divest Stonyfield to Lactalis for $875m
Jul 5, 2017French food group Danone has signed a binding agreement to sell its US dairy subsidiary, Stonyfield, to Lactalis for $875m. The price of the deal represents 20 times its earnings before interest, tax, depreciation and amortization ...
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China's Yili Plans $850m Bid for Danone's Stonyfield Yogurt Business
May 16, 2017Chinese dairy firm Inner Mongolia Yili Industrial Group is preparing an $850m bid to acquire US organic yogurt business, Stonyfield, from Danone. In a statement to the Shanghai stock exchange, Yili Group mentioned that the bid for 100% of ...
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Danone Puts Stonyfield up for Sale to Complete Whitewave Acquisition
Apr 5, 2017Danone has agreed to divest one of its US dairy subsidiaries, Stonyfield, to secure approval from US antitrust authorities for its $10bn acquisition of soy-milk maker WhiteWave Foods. The French dairy giant has reached an agreement in ...
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Amplify Snack Brands Strengthens Executive Leadership Team
Jan 10, 2017Amplify Snack Brands announced it has strengthened the Company’s executive leadership team by appointing Mike DeGrace as senior vice president of sales for North American region. Mr. DeGrace joins Amplify with over 30 years of ...
Tags: Amplify Snack, packaged foods
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Dean Foods Selects Ralph Scozzafava as CEO
Sep 6, 2016Dean Foods announced that executive vice president and COO Ralph Scozzafava will succeed Gregg A. Tanner as the company's CEO and as a member of the company's board of directors, effective January 1, 2017. In order to ensure a smooth ...
Tags: Dean Foods, Ralph Scozzafava, CEO
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Danone Acquisition of US Organic Food Leader Takes Organic Into The Mainstream
Jul 18, 2016French food giant, Danone, has acquired US organic food leader, WhiteWave, for approximately US $10.4 billion. Danone owns numerous dairy, water, infant nutrition and medical nutrition brands including Apatamil and Karicare infant ...
Tags: Danone, organic food
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FDA Grants First GRAS Classification for Rice Protein to Axiom Foods for Clinically-Studied Oryzatein
Jul 18, 2016The Food & Drug Administration (FDA) has granted the first GRAS classification for any rice protein to Axiom Foods for their clinically-studied Oryzatein organic brown rice protein ingredient. Axiom's Vegotein pea protein was also awarded a ...
Tags: Axiom Foods, Rice
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Danone to Buy Whitewave Foods for $12.5bn in All-Cash Deal
Jul 12, 2016French dairy giant Danone has entered into an agreement to acquire WhiteWave Foods in an all-cash deal worth $12.5bn. The acquisition is expected to double the size of Danone's business in the US, while helping the company to move towards ...
Tags: WhiteWave Foods, Danone, beverage categories
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Greiner Offers Sustainable Packaging For Parmentine's New Potato Snack
Mar 8, 2016Greiner Packaging is supplying a handy and sustainable package for Parmentine's new ready-to-eat potato dish. Parmentine is offering the pre-washed potatoes in a K3 cup, which feature a cardboard wrap to reduce the heat from contact with ...
Tags: Greiner, Microwaveable packaging, Parmentine, Sustaninable, Potato snack
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Exponent Private Equity Is Contemplating Sale of Its Meat-Free Food Brand Quorn
Mar 11, 2015UK based Exponent Private Equity is contemplating sale of its meat-free food brand Quorn and has already held preliminary talks with an American food firm, the WhiteWave Foods Company. WhiteWave Foods Company is targeting the rapidly ...
Tags: WhiteWave Foods, Quorn, meat-free food
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Earlier in September, WhiteWave Foods Agreed to Acquire SDDF From Its Existing Shareholder
Nov 18, 2014US-based WhiteWave Foods has acquired So Delicious Dairy Free, in a previously announced deal worth $195m. Earlier in September, WhiteWave Foods agreed to acquire So Delicious Dairy Free from its existing shareholders, led by Wasserstein ...
Tags: WhiteWave Foods, Dairy Free, Agriculture
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WhiteWave Announces Green Building Certification of Its Beverage Manufacturing Facility
Jul 24, 2014WhiteWave Foods, a leading consumer packaged food and beverage company that makes Silk, Horizon, International Delight and Earthbound Farm products, has announced green building certification of its beverage manufacturing facility in ...
Tags: WhiteWave Foods, beverage, Agriculture
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Whitewave Foods Bought Earthbound Farm in a $600m All-Cash Deal
Jan 7, 2014Food and beverage company WhiteWave Foods has bought Earthbound Farm in a $600m all-cash deal. Earthbound Farm is an organic produce brand in North America. It produces and markets organic fresh fruits and vegetables, frozen fruits and ...
Tags: WhiteWave Foods, Organic Food
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WhiteWave Foods Has Announced Plans to Pay About $600 Million to Purchase Earthbound Farm
Dec 26, 2013Dairy producer WhiteWave Foods has announced plans to pay about $600 million to purchase Earthbound Farm, the largest organic produce brand in the U.S. Earthbound Farm was the producer behind the 2006 spinach E. coli outbreak that ...
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WhiteWave Foods Is Set to Acquire Earthbound Farm
Dec 12, 2013Food and beverage company WhiteWave Foods is set to acquire Earthbound Farm from its shareholders and owners in an all-cash deal of $600m. Earthbound Farm is an organic produce brand in North America. It produces and markets organic fresh ...
Tags: WhiteWave Foods, Organic Food