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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] WhiteWave acquired Earthbound Farm, America's largest grower of organic produce, on January 2, 2014, for about $600 million. [8]
WhiteWave Foods has climbed quite nicely on the stock market since being spun off from Dean Foods . It is up from around $17.75 per share in July to $22.70 per share at the time of writing.
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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.
While its former parent Dean Foods is struggling to bounce from its 52-week lows and experiencing dire industry conditions, plant-based food company WhiteWave Foods is having a polar experience ...
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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]
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