Danone rose 3% to 65.22 euros at 3:50 p.m. in … WhiteWave Foods Co Reports Strong Earnings as Danone Acquisition Moves Ahead The fast-growing food company saw sales climb 14%, and profits jump 38%, but the agreement to merge with Danone … "Danone and WhiteWave are a perfect match to build a global leader leveraging consumer trends and expectations for healthier and more sustainable eating and drinking choices. Forward looking statements in this document include, but are not limited to, statements regarding Danone's operation of its business including that of WhiteWave following completion of the merger, the expected benefits of the transaction, and the future operation, direction and success of Danone's business including that of WhiteWave. 13 Apr 2017 --- French multinational Danone has completed the acquisition of organic producer Whitewave and under the merger agreement, the two will combine activities in North America to operate under the name “DanoneWave." Find out more about how we use your information in our Privacy Policy and Cookie Policy. For Danone, the WhiteWave business … In 2017, Danone’s strategic move towards plant-based food and drinks - with the acquisition of WhiteWave - came at the right moment to meet consumer expectations for healthier and sustainable choices. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. The price: $56.25 per share, plus a bit of debt that Danone agreed to take on–or about $12.5 billion in all. It enables us to enrich our portfolio with consumer-loved brands and health-focused options, complementary to our dairy fermented products. France’s Danone, the world’s largest yogurt maker, said on Thursday it would buy WhiteWave Foods in a deal that values the U.S. organic foods producer at … Danone’s acquisition of WhiteWave makes Danone more strongly aligned with consumer trends for healthier and sustainable eating and drinking options. 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. Danone is a unique company with distinctive capabilities that will enable WhiteWave to reach its next phase of growth.” Strengthening Danone’s presence in North America. The per-share valuation of the deal is $56.25, and it marks the French dairy company’s biggest acquisition in 10 years. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support "I am thrilled that we have completed the acquisition of WhiteWave", said Emmanuel Faber, CEO of Danone. On Thursday, his group revised upwards its earnings guidance on the back of its $12.5bn acquisition, including debt, of WhiteWave, a US maker of upmarket natural and healthy foods. Danone S.A. has acquired in 7 … Present in over 130 markets, Danone generated sales of approximately €22 billion in 2016. Danone will update at this occasion its full year guidance following the acquisition of WhiteWave. Paris, France - April 12th, 2017 - Danone is pleased to announce that it has today completed its acquisition of WhiteWave. It brings together two leaders in food and beverages, with complementary portfolios in some of the fastest-growing, health-focused categories. On June 7, WhiteWave Foods, maker of plant-based food, including the brands Silk, So Delicious Dairy Free and Earthbound Farm Organic, announced that it had agreed to be acquired by the French food company Danone, best known in this country for its Dannon line of yogurt. Danone S.A.’s largest acquisition to date was in 2016, when it acquired The WhiteWave Foods for $12.5B. In some cases, you can identify these forward-looking statements by forward-looking words, such as "estimate," "expect," "anticipate," "project," "plan," "intend," "believe," "forecast," "foresee," "likely," "may," "should," "goal," "target," "might," "will," "could," "predict," "continue," "convinced," and "confident," the negative or plural of these words and other comparable terminology. About Danone (www.danone.com) Dedicated to bringing health through food to as many people as possible, Danone is a leading global food company built on four business lines: Fresh Dairy Products, Early Life Nutrition, Waters and Medical Nutrition. Shares of WhiteWave Foods Co (NYSE:WWAV) climbed by as much as 18.62% to $56.25 after Danone said it will pay $10.1 billion for the company. Danone to acquire WhiteWave, a USD 4 bn sales Global Leader in Organic Foods, Plant-based Milks and related products. Press release – Paris, May 5, 2020. Press release - April 6 th , 2017 Danone Receives Court Approval to Complete WhiteWave Acquisition Transaction Expected to Close within 5 Business Days Paris, France - April 6 th , 2017 - Danone … French food product corporation Danone has announced that it has purchased Denver, Colorado based organic foods producer WhiteWave Foods for $10.4 billion. I am convinced that the combined experience and capabilities of our new management team and the extensive preparation work done by the integration team since July will capture the great business opportunities ahead and fully deliver our synergy plan. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Danone and WhiteWave/Alpro complete acquisition. We now look forward to welcoming our talented new team members from WhiteWave". This press release contains certain forward-looking statements concerning Danone. Through its mission and dual commitment to business success and social progress, the company aims to build a healthier future, thanks to better health, better lives and a better world, for all its stakeholders-its 100,000 employees, consumers, customers, suppliers, shareholders and all the communities with which it engages. Alpro becomes key contributor to grow the plant-based category around the world Danone and Alpro join forces to further fuel plant-based business growth. The price represents a 24% premium over the company’s 30-day average closing price. For a detailed description of these risks and uncertainties, please refer to the "Risk Factor" section of Danone's Registration Document (the current version of which is available on www.danone.com). 1. 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 On July 7, 2016, Danone announced its intent to acquire The WhiteWave Foods Company. With leading positions in some of the fastest growing, health-focused categories, this combination will drive our Alimentation Revolution, our business performance, and will accelerate our 2020 growth journey. WhiteWave will have to pay Danone $310 million to back out of the deal, according to a regulatory filing. A plant-based industry veteran, Gerry brings a wealth of experience in plant-based foods and drink products. It’s largest disclosed sale occurred in 2007, when it sold Groupe Danone - Biscuits & Cereal Products Business to Mondelez International for $6.0B. As previously announced, the combination will include Danone Dairy's and WhiteWave's current North American businesses under the leadership of Lorna Davis, who has been appointed Chief Executive Officer of the combined entity. You can change your choices at any time by visiting Your Privacy Controls. Subject to regulatory requirements, Danone does not undertake to publicly update or revise any of these forward-looking statements. Listed on Euronext Paris and on the OTCQX market via an ADR (American Depositary Receipt) program, Danone is a component stock of leading social responsibility indexes including the Dow Jones Sustainability Indexes, Vigeo, the Ethibel Sustainability Index, MSCI Global Sustainability, MSCI Global SRI Indexes and the FTSE4Good Index. In buying WhiteWave, Danone, which had sales of $24.5 billion last year, will almost instantly double the size of its business in North America, where it … Danone has agreed to buy U.S. organic-foods producer WhiteWave Foods for about $10 billion, a deal that would hand it a slice of the fast-growing market for plant-based dairy alternatives. I am therefore fully confident that we will drive strong value creation and deliver the attractive financial benefits we outlined last July. WhiteWave's predecessor companies have roots that go back to 1977, but WhiteWave was just incorporated in 2012 as it was spun off from Dean Foods – which Engles somewhat created in a reverse-acquisition. Danone Completes Acquisition of WhiteWave. PARIS — Danone S.A. has completed its $12.5 billion acquisition of The WhiteWave Foods Co., a deal first announced in July 2016. This makes WWAV’s total enterprise value ~$12.5 … Yahoo is part of Verizon Media. 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 last 30 days… On April 12, 2017, Danone completed the acquisition of WhiteWave. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Danone Completes Acquisition of WhiteWave Paris, France - April 12th, 2017 - Danone is pleased to announce that it has today completed its acquisition … Danone obtained regulatory clearance from the European Commission on December 16, 2016, and from the U.S. District Court for the District of Columbia to complete the acquisition on April 6, 2017. The brand joined Danone’s portfolio following the acquisition of WhiteWave in 2017. Under the terms of the merger agreement, WhiteWave shareholders will receive $56.25 per share in cash. Danone Essential Dairy and Plant Based moves into new chapter in North America. Danone buys WhiteWave Foods in US$10 billion takeover, adding soy milk, kale to menu. Cautionary note regarding forward-looking statements. WhiteWave produces … WhiteWave shareholders will receive $56.25 per … 2. Danone Q1 2017 presentation to analysts and investors will be held and broadcasted live on April 20th at 6.00 p.m. (Paris time). Vancouver, BC – June 10, 2015 – Vega, a leader in plant-based natural health and performance nutrition products, has agreed to be acquired by WhiteWave, one of the world’s leading makers of plant-based foods and beverages. Danone will update at this occasion its full year guidance following the acquisition of WhiteWave. Goal of transaction to continue to make plant-based nutrition accessible to more people. It’s why Danone’s acquisition of WhiteWave makes perfect sense. Danone's brand portfolio includes both international brands (Activia, Actimel, Danette, Danonino, Danio, evian, Volvic, Nutrilon/Aptamil, Nutricia) and local brands (Oikos, Prostokvashino, Aqua, Bonafont, Mizone, Blédina, Cow & Gate). About Danone (www.danone.com) Dedicated to bringing health through food to as many people as possible, Danone is a leading global food company built on four business lines: Fresh Dairy Products, Early Life Nutrition, Waters and Medical Nutrition. Under terms of … Although Danone believes its expectations are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in these forward-looking statements. Danone completed its acquisition of WhiteWave on Wednesday, according to a company release. As Danone’s 2016 acquisition of WhiteWave for $12.5 billion shows, the company is serious about reaching the millennial audience. 04/13/2017. © 2020 GlobeNewswire, Inc. All Rights Reserved. Danone (DANOY) will be acquiring WhiteWave Foods (WWAV) for $56.25 per share in an all-cash transaction. Emmanuel Faber, chief executive officer of Danone, said at the time that organic foods and beverages and non-GMO plant-based alternatives to milk and yogurt are among the fastest growing categories in the industry. July 7, 2016. She was a force behind major brand initiatives on Silk, the iconic soymilk that entered the market in 1978. Paris, France and Denver, Colorado, U.S. - July 7, 2016 - Danone and The WhiteWave Foods Company ("WhiteWave") today announced that they have entered into a definitive merger agreement under which Danone will acquire WhiteWave for $56.25 per share in an all-cash transaction, representing a total enterprise value of approximately $12.5 bn, including debt and certain other WhiteWave liabilities. PARIS — The phrase “win-win” aptly describes Danone S.A.’s acquisition of The WhiteWave Foods Co., Denver. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. It contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as … Emmanuel Faber, CEO of Danone, said the sale of Stonyfield addresses the DOJ’s concerns and enables Danone to quickly complete the WhiteWave acquisition that was announced last July. In connection with completion of the transaction, the WhiteWave common stock has ceased trading prior to market opening today and will be delisted from the New York Stock Exchange. Danone and WhiteWave will now combine their activities in North America to operate as a Strategic Business Unit, named "DanoneWave". This document does not constitute an offer to sell, or a solicitation of an offer to buy Danone shares. This document is presented by Danone. Danone shares … Press release contains certain forward-looking statements concerning Danone accessible more. 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