alpro danone acquisition

In 2014 it struck a joint venture with China Mengniu Dairy Co. to manufacture and market plant-based dairy-replacement products in that country, but there have been delays in getting that operation up and running. Alpro, which is owned by Danone, only buys direct from farmers rather than on the open market. Author: European Commission. Press release – Paris, May 5, 2020. Being part of Danone gives Alpro and Provamel the opportunity to increase the visibility of plant-based products and make them accessible to more people than before. The strategic and financial benefits of Danone's acquisition of WhiteWave include: ... Its popular plant-based foods and beverages brands in Europe include Alpro® and Provamel®. Explaining that to a buyer at Tesco, for example, isn’t always easy. The WhiteWave deal is expected to result in $300m in cost synergies. Danone SA is a France-based global food and beverage company. To learn more about WhiteWave, visit www.whitewave.com. Danone S.A. is a French multinational food-products corporation based in Paris and founded in Barcelona, Spain.It is listed on Euronext Paris where it is a component of the CAC 40 stock market index. Related tags: Alpro, Danone, Sweden. 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 Visit or website and stay aware of Danone's investment informations *The LAND O LAKES brand is owned by Land O'Lakes, Inc. and is used by license. The acquisition was completed in April 2017 and newly formed company is named DanoneWave. Danone is active in the European Economic Area (EEA) mainly in dairy products but also in early life nutrition products. Paris, France - April 12 th, 2017 - Danone is pleased to announce that it has today completed its acquisition … Totaling EUR 11.3 billion, the deal is Danone’s largest acquisition since 2007. Äkta Vara suggests the product be rebranded 'Best Quality Palm Whip' (right). Related tags: Danone, Milk. Danone announced a deal to acquire WhiteWave Foods this morning (7 July) in a move that values the Alpro maker at around US$12.5bn. 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. In addition to dairy, waters, early life nutrition, and medical nutrition, our combined offer now includes premium organic & fesh foods, non-GMO, and plant-based products. In 2016 Danone bought Alpro and Provamel. The strategic and financial benefits of Danone's acquisition of WhiteWave include: ... Its popular plant-based foods and beverages brands in Europe include Alpro® and Provamel®. Danone completed its acquisition of WhiteWave on Wednesday, according to a company release. "I am thrilled that we have completed the acquisition of WhiteWave", said Emmanuel Faber, CEO of Danone. Visit or website and stay aware of Danone's investment informations WhiteWave manufactures plant-based products such as soy milk and yoghurts under its Alpro and Provamel brands. Alpro's General manager is Sue Garfitt. In July 2016 it was announced that the French company Danone would purchase WhiteWave Foods for $10.4 billion. Strong(er) on the American market. Danone and Alpro join forces to further fuel plant-based business growth. WhiteWave is a global company which generated $4 billion in sales in 2015 and … Mergers: Commission approves acquisition of WhiteWave by Danone, subject to conditions . PARIS — Danone S.A. has completed its $12.5 billion acquisition of The WhiteWave Foods Co., a deal first announced in July 2016. WhiteWave was the parent company to a number of well-recognized brands in the plant-based dairy space, including So Delicious and Silk in the U.S. and Alpro in Europe. Image source: Äkta Vara . In the yogurt category, where Danone is the global leader, WhiteWave brings Wallaby Greek-style (actually Australian-style) organic yogurt and, in Europe, Alpro plant-based yogurt. The transaction has been unanimously approved by the Board of Directors of both companies. Discover Danone's events and publications through our investor relations section. This means every product can be traced back to the seed. To learn more about WhiteWave, visit www.whitewave.com. 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 … CEO Emmanual Faber told Food Business News at the time that the acquisition placed Danone as a leader in “some of the fastest-growing, health-focused categories.” How did the two brands develop since the acquisition? 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. WhiteWave’s business includes Silk, So Delicious, Vega, Alpro, Provamel, Horizon Organic, Wallaby Organic, Earthbound Farm and International Delight. Three years after the acquisition of WhiteWave, Danone is … Products include soya … Of course, such traceability comes at a premium – 30% versus the non-GM equivalent on the open market. French dairy and water giant Danone has acquired WhiteWave Foods Company (US), which also owns soy specialist Alpro, based in Flanders. Some of the company's products are branded Dannon in the United States.. As of 2018, Danone sold products in 120 markets, and had sales in 2018 of €24.65 billion. What are plans for the future? Disgruntled vegan followers referenced the company’s recent acquisition by dairy giant Danone as evidence of an ethically compromised company. French dairy giant Danone has entered into an agreement to acquire WhiteWave Foods in a deal that values the Alpro maker at US$12.5bn and doubles Danone's size in the US market. Danone Essential Dairy and Plant Based moves into new chapter in North America. WhiteWave’s business includes highly recognized, category leading brands such as Silk, So Delicious, Vega, Alpro, Provamel, Horizon Organic, Wallaby Organic, Earthbound Farm and International Delight. Browse through Danone's press releases through our investor relations section. Products. Alpro distributes soya based vegetarian/vegan products under the brands Belsoy, Alpro Soya and Provamel. The $10.4 billion Danone has agreed to spend to acquire WhiteWave Foods makes the impending tie-up between the two companies the biggest deal to date in the natural and organic foods … of Danone. acquisition of WhiteWave, a US-based manufacturer of packaged foods and beverages, by the French Danone group. The clearance is conditional upon the divestment of Danone's "growing-up milk" business in Belgium. ”I am thrilled that we have completed the acquisition of WhiteWave”, said Emmanuel Faber, CEO of Danone. Danone's Alpro Cuisine Soya Whippable product (left) has been voted the 2019 'food bluff of the year' by consumers in Sweden. *The LAND O LAKES brand is owned by Land O'Lakes, Inc. and is used by license. Business, News & Multimedia, Photos, Reports, Investment news, Personal finance Danone placed a $10 billion bet on veganism with its 2017 acquisition of WhiteWave Foods and plans to triple its total plant-based revenue to about 5 billion euros ($5.6 billion) by 2025. It brings together two leaders in food and beverages, with complementary portfolios in some of the fastest-growing, health-focused categories. It wants to achieve its Danone 2020 plan to hit 5 per cent growth by 2020. Belgian manufacturer of plant-based dairy alternatives Alpro has been caught in a Twitter storm after it tweeted that a healthy diet consists of one third animal-based products. Danone is active in the European Economic Area (EEA) mainly in dairy products but also in early life nutrition products. WhiteWave Foods Company has a EUR 3.5 billion turnover and specializes in dairy alternatives, like almond and soy milk. Danone and The WhiteWave Foods Company have entered into a definitive merger agreement under which Danone will acquire WhiteWave for $56.25 per share in an all-cash transaction, … The acquisition makes Danone more strongly aligned with consumer trends for healthier and sustainable eating and drinking options… Danone has announced that it is to acquire WhiteWave Foods in a $12.5 billion deal. Danone Completes Acquisition of WhiteWave . It’s why Danone’s acquisition of WhiteWave makes perfect sense. The large-scale acquisition ramps up Danone… Press release - April 12 th, 2017. Danone has entered into an agreement to acquire The WhiteWave Foods Company (WhiteWave) for approximately $12.5bn, with the transaction expected to close at the end of the year. It was announced that the French company Danone would purchase WhiteWave Foods $. I am thrilled that we have completed the acquisition of WhiteWave by Danone, subject to conditions approves acquisition WhiteWave... 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