Danone buying WhiteWave Foods in $10.1 billion deal

France’s Danone has actually shut an offer to acquire Denver-based WhiteWave Foods, which has health-oriented brand names like Silk, Horizon Organic as well as Earthbound Farm.

With a profile heavy on dairy products choices and also health foods, WhiteWave’s profile will certainly assist Danone obtain a far better grasp on American preferences that are significantly approaching much healthier foods

Danone will certainly pay $56.25 a share, a 24% costs over WhiteWave’s 30-day typical closing rate of $45.43, the business stated. That would certainly value WhiteWave at $10.1 billion based upon 180.2 million shares superior at the end of in 2015.

WhiteWave reported earnings of $168 million in 2014 for sale of around $3.9 billion.

“We discovered in WhiteWave the excellent partnership as we both rely on a much healthier future and also understand our power to lead culture onward,” claimed Danone CEOEmmanuel Faber in a declaration. “This special mix settings us much better to attend to tomorrow’s customer fads.”

Danone states health foods and also drinks and also non-GMO plant-based options to milk and also yogurt are amongst the fastest expanding classifications in the grocery store. It additionally hailed WhiteWave as one of the nation’s fastest-growing food as well as drink business, in addition to in Europe.

WhiteWave CEO Gregg Engles claimed the offer will certainly benefit his firm’s investors as well as stands for a wise merging. He will certainly sign up with Danone’s board.

“Danone is an one-of-a-kind firm with distinct abilities that will certainly allow WhiteWave to reach its following stage of development,” claimed Engles in a declaration. “Danone is a fantastic social suitable for our company and also I am thrilled for our staff members.”

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