Danone North America

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Danone North America
Formerly
  • WhiteWave Foods
    (1977–2017)
  • DanoneWave (2017–2018)
Company typeSubsidiary
IndustryFood
Founded1977; 49 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
Websitedanonenorthamerica.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, plant-based foods and beverages, coffee creamers, and organic produce throughout North America and Europe.

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

History

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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

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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

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References

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  2. ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  3. ^ Profile In Persistence By Bethany Mclean on CNN Business, May 1, 2001
  4. ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  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. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
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  17. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value). (subscription required)
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[edit | edit source]
  • Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
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    • Historical business data for WhiteWave Foods:
    • SEC filings

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