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.”