Danone North America

from Wikipedia, the free encyclopedia
Danone North America Public Benefit Corporation
legal form Corporation
founding 1977
Seat Denver , United States
management Lorna Davis (CEO)
Number of employees 5,300
sales $ 4.198 billion
Branch Food economy
Website www.danonenorthamerica.com
Status: 2017

The Danone North America Public Benefit Corporation until April 2018 The White Wave Foods Company , a US company, the vegetarian and vegan foods and drinks produced and marketed. It is also one of the largest organic food manufacturers in the United States. The company has belonged to the French group Danone since April 2017 .

The legal seat is in Denver , the administrative headquarters for North America in Broomfield, Colorado . There is a research and development center with an experimental kitchen in Louisville . The sales markets are North America and Europe as well as the People's Republic of China via a joint venture with the Mengniu dairy since 2014.

The company, which was listed on the New York Stock Exchange before it was taken over by Danone and included in the S&P 400 stock index, employed around 5,300 people worldwide at the beginning of 2016 and achieved sales of 4.198 billion dollars in 2016. Lorna Davis has been CEO since the takeover by Danone.

Brands

  • Horizon Organic (organic dairy products and others; largest organic milk producer in the USA)
  • Silk (plant-based milk, mainly made from soybeans, almonds and coconuts)
  • Earthbound Farm (lettuce, vegetables, fruit and other fresh fruits; largest grower of organic salads in the USA)
  • Wallaby Organic (organic yogurt)
  • International Delight (coffee whitener)
  • Alpro (European leader in soy-based food)
  • Provamel (European brand for organic soy products)
  • So Delicious (vegan soy-based products)
  • Vega (vegan products)

The company uses other brands under license, for example Land O'Lakes (dairy products), Cold Stone Creamery, Cinnabon, York, Almond Joy, Heath and Hershey's.

history

WhiteWave was founded in 1977 in Boulder, Colorado by Steve Demos with the help of a $ 500 loan as a small manufacturer of vegetarian products specializing in tofu . In 1978 Demos founded the subsidiary Silk.

From 2002 the company was wholly owned by Dean Foods , then the largest dairy group in the United States, which had previously acquired a large minority stake and in 2004 also took over Horizon Organic , the largest organic milk producer in the United States at the time. In 2009, the Belgian company Vandemoortele sold its Alpro soy division to Dean Foods for EUR 325 million.

In 2012, WhiteWave (combined with Silk, Horizon Organic and Alpro) went public via IPO and was spun off from Dean Foods in 2013. That same year, WhiteWave took over Earthbound Farm , California, for $ 600 million , the largest organic vegetable grower in the United States (60% national market share for packaged organic salads at the time). So Delicious from Oregon followed in the fall of 2014, followed by the Californian Wallaby Yogurt Company in 2015 for a price of 125 million dollars.

In 2016, the acquisition of WhiteWave by the French food company Danone for $ 10.4 billion (including liabilities of $ 12.5 billion) was agreed. After an in-depth examination, the approval under competition law was available at the end of March 2017. The authorities in the USA ordered the sale of the Danone subsidiary Stonyfield Farm (largest organic yoghurt manufacturer in the USA), which went to competitor Lactalis for 875 million dollars . WhiteWave's transaction to Danone closed on April 12, 2017. The merged activities of WhiteWave and Danone in North America appeared externally as DanoneWave from April 2017 to April 2018 , and since then as Danone.

Web links

Individual evidence

  1. ↑ [1]
  2. ↑ Earthbound Farm drags on WhiteWave's full-year performance ( Memento of the original from February 21, 2017 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , Food Business News, February 20, 2017  @1@ 2Template: Webachiv / IABot / m.foodbusinessnews.net
  3. ↑ [2]
  4. ↑ Archived copy ( memento of the original from October 11, 2017 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.naturalproductsinsider.com
  5. ^ Dean Foods Company Completes Acquisition of Horizon Organic Holding Corporation. In: Institute for Agriculture and Trade Policy. January 5, 2004, accessed February 5, 2020 .
  6. ↑ Dean Foods takes over Alpro. In: bio-markt.info. bio verlag GmbH, June 29, 2009, accessed on February 5, 2020 .
  7. ↑ UPDATE 1-Dean Foods' WhiteWave IPO prices above range - underwriter . In: Reuters . October 25, 2012 ( reuters.com [accessed February 5, 2020]).
  8. ^ Carmel Valley-born Earthbound Farm Sells to Massive WhiteWave Foods
  9. ↑ [3]
  10. ^ WhiteWave Foods: The WhiteWave Foods Company Completes Acquisition of So Delicious (R) Dairy Free. October 31, 2014, accessed February 5, 2020 .
  11. ↑ [4]
  12. ↑ Danone is buying organic competitors for $ 12.5 billion . In: Reuters . July 7, 2016 ( reuters.com [accessed February 5, 2020]).
  13. ↑ n-tv NEWS: Court approves Danone billion dollar deal . Retrieved February 5, 2020 .
  14. ↑ Justice Department Requires Divestiture of Danone's Stonyfield Farms Business in Order for Danone to Proceed with White Wave Acquisition
  15. ↑ France's Danone to sell Stonyfield to Lactalis for $ 875 million
  16. ↑ [5]
  17. ↑ News Desk: Danone drops WhiteWave name a year after completing merger. In: FoodBev Media. Retrieved April 12, 2018, August 9, 2020 (UK English).