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alpro danone acquisition

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. Danone's Alpro Cuisine Soya Whippable product (left) has been voted the 2019 'food bluff of the year' by consumers in Sweden. Related tags: Danone, Milk. Press release – Paris, May 5, 2020. It brings together two leaders in food and beverages, with complementary portfolios in some of the fastest-growing, health-focused categories. *The LAND O LAKES brand is owned by Land O'Lakes, Inc. and is used by license. To learn more about WhiteWave, visit www.whitewave.com. WhiteWave was the parent company to a number of well-recognized brands in the plant-based dairy space, including So Delicious and Silk in the U.S. and Alpro in Europe. To learn more about WhiteWave, visit www.whitewave.com. WhiteWave’s business includes highly recognized, category leading brands such as Silk, So Delicious, Vega, Alpro, Provamel, Horizon Organic, Wallaby Organic, Earthbound Farm and International Delight. 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. Danone SA is a France-based global food and beverage company. 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. 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.” Paris, France - April 12 th, 2017 - Danone is pleased to announce that it has today completed its acquisition … 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®. Disgruntled vegan followers referenced the company’s recent acquisition by dairy giant Danone as evidence of an ethically compromised company. Strong(er) on the American market. 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, … Alpro will join forces with Danone Dairy as a key pillar of its new plant-based category, managed by Gustavo Valle, with the aim to expand and grow the plant-based category around the world. The acquisition was completed in April 2017 and newly formed company is named DanoneWave. WhiteWave’s business includes Silk, So Delicious, Vega, Alpro, Provamel, Horizon Organic, Wallaby Organic, Earthbound Farm and International Delight. Danone placed a $10 billion bet on veganism with its 2017 acquisition of WhiteWave Foods and plans to triple its total plant-based revenue to about 5 billion euros ($5.6 billion) by 2025. 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. Visit or website and stay aware of Danone's investment informations Products. Danone and Alpro join forces to further fuel plant-based business growth. Danone is active in the European Economic Area (EEA) mainly in dairy products but also in early life nutrition products. In 2016 Danone bought Alpro and Provamel. Products include soya … 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. Alpro distributes soya based vegetarian/vegan products under the brands Belsoy, Alpro Soya and Provamel. It wants to achieve its Danone 2020 plan to hit 5 per cent growth by 2020. Related tags: Alpro, Danone, Sweden. 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. How did the two brands develop since the acquisition? *The LAND O LAKES brand is owned by Land O'Lakes, Inc. and is used by license. 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. Alpro, which is owned by Danone, only buys direct from farmers rather than on the open market. In 2014 it struck a joint venture with China Mengniu Dairy Co. to manufacture and market plant-based dairy-replacement products in that country, but there have been delays in getting that operation up and running. Of course, such traceability comes at a premium – 30% versus the non-GM equivalent on the open market. The clearance is conditional upon the divestment of Danone's "growing-up milk" business in Belgium. 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. The WhiteWave deal is expected to result in $300m in cost synergies. WhiteWave Foods Company has a EUR 3.5 billion turnover and specializes in dairy alternatives, like almond and soy milk. This means every product can be traced back to the seed. Business, News & Multimedia, Photos, Reports, Investment news, Personal finance Visit or website and stay aware of Danone's investment informations Alpro's General manager is Sue Garfitt. In July 2016 it was announced that the French company Danone would purchase WhiteWave Foods for $10.4 billion. WhiteWave is a global company which generated $4 billion in sales in 2015 and … Danone Completes Acquisition of WhiteWave . Browse through Danone's press releases through our investor relations section. Being part of Danone gives Alpro and Provamel the opportunity to increase the visibility of plant-based products and make them accessible to more people than before. Discover Danone's events and publications through our investor relations section. Totaling EUR 11.3 billion, the deal is Danone’s largest acquisition since 2007. Explaining that to a buyer at Tesco, for example, isn’t always easy. 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. What are plans for the future? French dairy and water giant Danone has acquired WhiteWave Foods Company (US), which also owns soy specialist Alpro, based in Flanders. acquisition of WhiteWave, a US-based manufacturer of packaged foods and beverages, by the French Danone group. Press release - April 12 th, 2017. Author: European Commission. Danone is active in the European Economic Area (EEA) mainly in dairy products but also in early life nutrition products. Three years after the acquisition of WhiteWave, Danone is … It’s why Danone’s acquisition of WhiteWave makes perfect sense. The large-scale acquisition ramps up Danone… Image source: Äkta Vara . The $10.4 billion Danone has agreed to spend to acquire WhiteWave Foods makes the impending tie-up between the two companies the biggest deal to date in the natural and organic foods … of Danone. PARIS — Danone S.A. has completed its $12.5 billion acquisition of The WhiteWave Foods Co., a deal first announced in July 2016. 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 … Danone Essential Dairy and Plant Based moves into new chapter in North America. WhiteWave manufactures plant-based products such as soy milk and yoghurts under its Alpro and Provamel brands. Danone completed its acquisition of WhiteWave on Wednesday, according to a company release. In addition to dairy, waters, early life nutrition, and medical nutrition, our combined offer now includes premium organic & fesh foods, non-GMO, and plant-based products. Alpro will join forces with Danone Dairy as a key pillar of its new plant-based category, managed by Gustavo Valle, with the aim to expand and grow the plant-based category around the world. 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 Mergers: Commission approves acquisition of WhiteWave by Danone, subject to conditions . 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 transaction has been unanimously approved by the Board of Directors of both companies. ”I am thrilled that we have completed the acquisition of WhiteWave”, said Emmanuel Faber, CEO of Danone. Vegetarian/Vegan products under the brands Belsoy, Alpro soya and Provamel Danone SA is a global! Explaining that to a company release distributes soya Based vegetarian/vegan products under the Belsoy! That we have completed the acquisition of WhiteWave '', said Emmanuel Faber CEO. Large-Scale acquisition ramps up Danone… Browse through Danone 's investment informations in 2016 Danone bought Alpro and Provamel SA a... The divestment of Danone 's events and publications through our investor relations section by LAND O'Lakes Inc.. Approves acquisition of WhiteWave on Wednesday, according to a company release Belsoy, Alpro soya and.! 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