Stonyfield on block as Danone clears WhiteWave deal
Danone has agreed to sell US organic dairy business Stonyfield to get local regulatory clearance for its acquisition of WhiteWave Foods. What interest could there be in Stonyfield?
Danone said yesterday (12 April) its acquisition of natural food company WhiteWave Foods was final. The announcement comes less than two weeks after the French group revealed it was putting its US Stonyfield organic dairy brand up for sale in exchange for gaining local regulatory approval for the WhiteWave deal. just-food's US columnist Victor Martino looks at the would-be acquirers for Stonyfield.
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.
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.
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.
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 large-scale acquisition ramps up Danone's presence in the US and enhances its exposure to on-trend categories. For its part, WhiteWave expects the deal will move it to "the next phase of growth". just-food looks at how each group stands to benefit from the business combination.
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.
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