If you've no account register here first time
User Name :
User Email :
Password :

Login Now
Earthbound Farm

WhiteWave Foods Buys Earthbound for $600M

Earthbound FarmWhiteWave Foods, the maker of Silk soy milk and Horizon Organic products, has bought organic food brand Earthbound Farm for about $600 million.

Earthbound is the largest organic produce brand in North America with expected 2013 sales of more than $500 million, the Wall Street Journal reports. In addition to its packaged salads, the company sells fresh, frozen and dried fruits, vegetables and herbs.

Gregg Engles, chairman and CEO of WhiteWave, says the acquisition provides WhiteWave two of the “most popular gateways for consumers to enter into the organic category — produce and dairy.”

WhiteWave plans to operate Earthbound Farm as a separate business unit, based in San Juan Bautista, Calif. WhiteWave used cash on hand and borrowings including a $500 million, seven-year loan. WhiteWave has the option to increase its bank facilities by an additional $500 million.

WhiteWave has made several sustainability commitments including reducing waste-to-landfill, water consumption and greenhouse gas emissions. As of February 2013, the company had reduced greenhouse gas emissions on a per gallon of product basis by 21 percent compared to its 2006 baseline. The company had also reduced waste-to-landfill by 35 percent compared to a 2007 baseline and non-ingredient water by eight percent compared to a 2008 baseline.

Approaches to Managing EHS&S Data
Sponsored By: Enablon

  
Choosing the Correct Emission Control Technology
Sponsored By: Anguil Environmental Systems

  
Operationalizing EHS Management: Bridge the Gap from Strategy to Execution
Sponsored By: LNS Research

  
Environmental Leader Product and Project Awards 2017
Sponsored By: Environmental Leader

  

Leave a Comment