Danone
Danone Offloads U.S.-based Organic Dairy Assets
On Jan. 2, French dairy manufacturer Danone (called Dannon in the United States), sold its U.S.-based Horizon Organic and Wallaby Organic brands to Platinum Equity, an investment firm based in Beverly Hills, CA. The decision to offload the brands was part of the Renew Danone turnaround strategy. According to Danone CEO Antoine de Saint-Affrique, the […]
Diversity Fellows Join the Team at Organic Trade Association
August Alderman and Katrina Pitts will join the Organic Trade Association (OTA) as the organization’s first Diversity & Entrepreneurship Program fellows. They will work closely with OTA staff and membership to develop diversity-related trainings and programming, support the Justice Equity Diversity and Inclusion (JEDI) Member Council and bring an equity lens to the strategic planning process. Pitts is a doctoral student […]
Danone to Sell Stonyfield to Lactalis for $875 Million
According to a report from Reuters, France-based food group Danone Group (Danone) has agreed to sell its New Hampshire dairy business Stonyfield Organic (Stonyfield) to Groupe Lactalis (Lactalis) in France for $875 million, a move designed to address competition concerns stemming from its acquisition of U.S. organic food group WhiteWave (Colorado). Danone said on July 3 that Stonyfield […]
Danone to Acquire WhiteWave Foods for $12.5 B
Danone and The WhiteWave Foods Company (WhiteWave) recently announced that they have entered into a definitive merger agreement, where France-based Danone will acquire WhiteWave for $56.25 per share in an all-cash transaction, representing a total enterprise value of approximately $12.5 billion, including debt and certain other WhiteWave liabilities. The Board of Directors of both companies […]
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