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The company was established as "WhiteWave Foods" in 1977 by Steve Demos in Boulder, Colorado, to expand soy into the market. [3] The company was formerly a subsidiary of Dean Foods, and was spun off in an initial public offering announced in August 2012. [4] [5] Dean Foods had acquired WhiteWave in May 2002. [6] [7]
The first product was introduced in March 1996 by WhiteWave, Inc. at the Natural Foods Expo in Anaheim, California. In the years that followed, Silk became a successful, worldwide, organic food brand. In 2002 WhiteWave, Inc was sold to Dean Foods for over $300 million. [2] The company's sales grew to $350 million in annual revenues by 2005.
In 2013, WhiteWave Foods (owner of the Horizon brand) became an independent company from Dean Foods. [16] In April 2017, almost a year after an agreement between the parties was announced, [17] the French company Danone completed the purchase of WhiteWave for $10.4 billion, creating a new unit called DanoneWave. [18]
Vega is a brand of plant based nutritional products. The company was started in Burnaby by Charles Chang and Brendan Brazier in 2004. [1] In 2015, Vega was sold to Denver-based giant Whitewave Foods for US $550 million.
In 2013, Earthbound Farm was acquired by WhiteWave Foods, owner of Horizon Organic milk, for $600 million. [8] In July 2016, it was announced that the French company Danone would purchase WhiteWave Foods for $10.4 billion. [9] The acquisition was completed in April 2017, and the newly formed company was named "DanoneWave". [10]
As a result, in 2006, the Grameen Bank and Danone formed a company called Grameen Danone Foods, a social business in Bangladesh. [ 62 ] Grameen Danone Foods Ltd. produces a yoghurt called Shokti Doi containing protein , vitamins , iron , calcium , zinc , and other micronutrients aimed to fill nutritional deficits of children in Bangladesh.
Since August 2012, WhiteWave Foods has licensed the Land O'Lakes name and sold coffee creamers and fluid dairy products under the brand. [ 37 ] Land O'Lakes brand milk is licensed to Dean Foods in Montana, North Dakota, South Dakota, Nebraska, Minnesota, Iowa, and Wisconsin.
Investors in WhiteWave Foods have seen fantastic results since the company spun off from parent Dean Foods, with the former up nearly 30% in slightly more than a year. WhiteWave is exactly in the ...