Danone will acquire WhiteWave for approximately USD 12.5 billion.
WhiteWave, which generated USD 4 billion in sales in 2015 and whose portfolio includes leading brands in the Premium Organic Dairy, non-GMO, Plant-based alternatives to milk & yogurt, Fresh Foods, and Coffee Creamers categories, represents a key opportunity for further growth for Danone and enable the French firm to build a stronger North American presence.
Together, WhiteWave and Danone plan to create an industry leader strongly aligned with consumer trends for healthier and sustainable eating and drinking options. The transaction is expected to result in approximately USD 300 million of EBIT synergies by 2020.