Danone Poised to Acquire WhiteWave Foods

Danone recently positioned themselves to acquire WhiteWave Foods Company to the tune of $10.4 billion. Once complete, this merger would mark the largest deal in the natural and organic foods industry to date.

Danone’s CEO Emmanuel Faber believes that it is an advantageous partnership for both companies whom both believe in a healthier future for consumers. WhiteWave Foods owns many popular brands such as Horizon Organic, Silk, and Earthbound Farm. Additionally, Danone agreed to pay WhiteWave investors $56.25 a share. If acquired, Danone would increase its North American business from 12 percent of its portfolio to 22 percent and become a global leader in consumer health food-brands. WhiteWave is also the benefactor, as sales would be expected to rise 11 percent in the coming year.

The deal is expected to close later this year.