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. The larg...
WhiteWave Foods, the US-based organic and plant-based food group, aims to extend its brands beyond the dairy counter into centre-store categ...
The starting gun on the race for Quorn Foods is to be fired this week and interest in the UK meat-free business is likely to be high.
Consumer interest in health has attracted private-equity investment in some up-and-coming operators, while other chains are revamping menus or even considering more substantial changes. Elsewhere, US fast-food chicken operator Popeyes Louisiana Kitchen demonstrated it is benefiting from demand for indulgence and comfort food and there were more examples of international expansion.
WhiteWave Foods raised its full-year earnings forecast after reporting growth across the majority of its businesses. However, the outlook for the Earthbound Farm and Silk owner's packaged fresh and premium dairy businesses in the US appears somewhat challenging.
WhiteWave Foods' deal to buy of Canadian firm Vega last week will mean the US group adds plant-based nutritional powders and snack-bars to its range, products industry watchers expect to show promising growth in the near future. But low awareness among mainstream consumers of plant-based proteins could prove a challenge. Hannah Abdulla reports.
US natural and organic food group WhiteWave Foods – now part of Danone – believes its sustainability programmes and its mission to "change the way the world eats for the better" is a key point of difference to its rivals. Last month, at the Natural Products Expo West trade show in the US, with the sale to Danone on the horizon, Katy Askew spoke to WhiteWave sustainability chief Deanna Bratter to find out about the US company's sustainability strategies.
There is speculation over the future ownership of UK-based meat-free business Quorn Foods. It is hardly surprising. Quorn has been owned by a private-equity firm since 2010 and is a business enjoying continued solid growth in a challenging industry. Dean Best spoke to Quorn CEO Kevin Brennan about the sale rumours and his plans for the business this year.
Danone today (20 April) reported muted growth in its underlying sales in the first quarter of the year, a result described by the French giant as "in line with expectations" as the Activia maker upped its forecast for annual earnings.
Danone is to sell US organic dairy unit Stonyfield as part of a deal with local regulators on the French giant's planned acquisition of US food and beverage group WhiteWave Foods.
WhiteWave Foods booked higher full-year sales and earnings but conceded issues at its fresh foods unit remain challenging.
Danone has unveiled a new business structure the French giant believes will make it more "agile" and efficient ahead of its planned acquisition of WhiteWave Foods.
Danone must offload "a large part" of its toddler milk business in Belgium in order to address competition concerns raised by the European Commission over the French group's proposed acquisition of US-based Alpro maker WhiteWave Foods.
French dairy giant Danone has lowered its forecast for annual sales on an organic basis, citing market conditions in Spain and the performance of its Activia brand.
WhiteWave Foods is launching a fresh soya-based toddler milk under its Alpro brand in the UK.
The Alpro brand is being taken into the frozen category in the UK and Ireland with the launch of a range of dairy-free ice creams.
The UK's advertising standards watchdog has rebuked WhiteWave Foods-owned dairy-free brand Alpro over a promotional tweet issued by television presenter AJ Odudu.
WhiteWave Foods, the US group set to be taken over by Danone, revealed a recent acquisition in Mexico as it published its half-year results yesterday (9 August).
WhiteWave Foods has unveiled new commitments to sustainability in areas including emissions, water use and sourcing.
Danone's takeover offer for WhiteWave Foods – which received the unanimous backing of the WhiteWave board – is to be probed by lawyers representing WhiteWave investors.
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.
WhiteWave Foods, the US group behind brands including Silk and Alpro, today (10 May) lifted its forecast for annual earnings per share and for underlying operating profit.
WhiteWave Foods' plant-based food and beverage arm Alpro has declined to comment on speculation it is investing EUR50m (US$56.3m) to triple production of dairy-free products at the Issenheim plant by the end of next year.
WhiteWave Foods is targeting "break time" with Nutchello, a new addition to its Silk brand in the US.
WhiteWave Foods revealed today (11 February) that its full year net earnings rose 20% while its full-year operating profit increased by one-quarter, supported by sales growth and margin expansion.
Silk owner WhiteWave Foods has committed to sourcing 100% sustainable cocoa for use in its food and beverages products in the Americas by 2016.
WhiteWave Foods-owned Alpro has announced the launch of a "high protein" alternative to yoghurt in the UK.
WhiteWave Foods' Alpro business is to make another cut to the level of sugar in its plant-based, dairy alternative products.
This week Fonterra announced it was selling its yoghurt and dairy business in Australia to Parmalat, Chinese fruit groups Golden Wing Mau and Joyvio announced a merger and UK meat group Dunbia confirmed it was mulling options for the business. Belgium's Lotus Bakeries bought UK snacks group Urban Fresh Foods, its second deal in the country in four months and, looking to next year, we analysed the prospects for the BRIC markets in 2016. Here is the week in quotes.
Belgium's Lotus Bakeries this week struck its second piece acquisition in the UK in four months, with a deal to buy Bear snacks owner Urban Fresh Foods. Our M&A pages also included news Fonterra is selling its Australian yoghurt business to Lactalis's Parmalat and Ornua is offloading US distribution asset DPI. Elsewhere, the Russian central bank said domestic producers had, in most categories, failed to meet the shortfall in production from Moscow's import restrictions on the west.
Announced last month, it is one of the more notable M&A deals in the international food sector of 2016. But an organic advocacy group in the US has taken aim at Danone's planned US$12.5bn takeover of WhiteWave Foods.
Growing demand in emerging markets are set to drive 4.6% growth in the global dairy and soy food market by 2020, according to new research.
Global Soy Milk and Cream Market 2016-2020
Soy milk is a plant-based dairy milk alternative, which is produced by soaking soybeans and grinding them in water. Soy milk is believed to have originated in China. Soy milk was first introduced in t...
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