Danone North America Explained

Danone North America
Former Names:
  • WhiteWave Foods
    (1977–2017)
  • DanoneWave (2017–2018)
Type:
Industry:Food
Fate:As WhiteWave Foods:
Acquired by Dean Foods in 2002, then by Danone
Foundation: in Boulder, Colorado
Founder:Steve Demos
Location City:Broomfield, Colorado
Location Country:US
Area Served:North America and Europe
Parent:
Num Employees:3,800
Subsid:
Brands:
  • Silk
  • International Delight

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.

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

History

The company was established as "WhiteWave Foods" in 1977 by Steve Demos in Boulder, Colorado, to expand soy into the market.[2]

The company was formerly a subsidiary of Dean Foods, and was spun off in an initial public offering announced in August 2012.[3] [4] Dean Foods had acquired WhiteWave in May 2002.[5] [6]

WhiteWave acquired Earthbound Farm, America's largest grower of organic produce, on January 2, 2014, for about $600 million.[7]

In September 2014, WhiteWave announced they were taking over vegan dessert and beverage company, So Delicious.[8] [9] [10] WhiteWave announced on October 31, 2014, that the So Delicious takeover was complete.[11]

On July 7, 2016, French food and beverage manufacturer Danone announced a $12.5 billion deal to acquire WhiteWave.[12] 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, Two 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.

See also

External links

Notes and References

  1. Web site: Danone seals the deal with WhiteWave . 2021-06-05 . foodbusinessnews.net . en.
  2. https://money.cnn.com/magazines/fsb/fsb_archive/2001/05/01/302536/index.htm Profile In Persistence
  3. News: WhiteWave Foods Company . . 9 September 2014.
  4. https://www.deanfoods.com/newsroom/news/dean-foods-announces-spin-off-of-the-whitewave-foods-company/ Dean Foods Announces Spin-Off of The WhiteWave Foods Company
  5. https://www.deanfoods.com/newsroom/news/dean-foods-completes-white-wave-transaction/ Dean Foods Completes White Wave Transaction
  6. https://agfundernews.com/dean-foods-goes-bust-thanks-to-a-fatal-error-shying-away-from-alt-milk.html Dean Foods goes bust thanks to a fatal error: shying away from alt-milk. November 13, 2019. Rob Leclerc at AG Funder News
  7. News: The WhiteWave Foods Company Completes Acquisition of Earthbound Farm . Yahoo! Finance . January 3, 2014 . 9 September 2014.
  8. Web site: Holland . Colleen . WhiteWave Foods Buys So Delicious Dairy Free . Vegnews.com . 2014-09-19 . 2016-12-22.
  9. Web site: WhiteWave Foods, Owner of Silk and So Delicious, Buys Vega . Latestvegannews.com . 2015-06-11 . 2016-12-22 . 2016-09-27 . https://web.archive.org/web/20160927154319/http://latestvegannews.com/whitewave-foods-owner-of-silk-and-so-delicious-buys-vega/ . dead .
  10. Web site: WhiteWave Foods . Whitewave.com . 2016-12-22 . 2016-11-29 . https://web.archive.org/web/20161129215953/http://www.whitewave.com/who . dead .
  11. Web site: WhiteWave Foods Company Completes Acquisition of So Delicious Dairy Free . BevNET.com . 2014-11-03 . 2016-12-22.
  12. News: Danone of France to Buy WhiteWave in $10 Billion Deal to Bolster U.S. Portfolio . . 7 July 2016 . 2016-12-22 . Strom . Stephanie .
  13. Web site: WhiteWave Schedules October 4, 2016 Special Meeting for Vote on Merger Agreement with Danone . Whitewave.com . 2016-12-22 . 2016-09-27 . https://web.archive.org/web/20160927083300/http://www.whitewave.com/wp-content/uploads/2016/03/Special-St-H-Mtg-press-release-8.15.2016.pdf . dead .
  14. News: Agnew . Harriet . March 31, 2017 . Danone to sell US dairy subsidiary to speed up WhiteWave deal . . April 3, 2017.
  15. Web site: Cornall . Jim . Danone completes acquisition of WhiteWave to create DanoneWave . 12 April 2017 . Dairyreporter.com . 2017-12-27.
  16. News: Kaye . Leon . Danone North America is Now the Largest B Corp on Earth . 18 April 2018 . Triple Pundit . April 13, 2018.
  17. News: Greg Avery. April 6, 2020. Colorado food company hikes pay for production workers. Denver Business Journal. January 29, 2023. (subscription required)
  18. News: Castle . Shay . Danone completes $10 billion acquisition of Broomfield's WhiteWave . The Denver Post . 2017-12-27.
  19. Book: Plunkett's Food Industry Almanac 2008 . 2008 . Plunkett Research . 9781593921064 . 2017-12-27.

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