Danone bought the producer of organic products
French company Danone has completed the procedure for the acquisition of the American manufacturer of organic foods WhiteWave Foods
In accordance with the terms of the agreement, shareholders WhiteWave will receive $56,25 per share; of the securities be excluded from trading on the new York stock exchange.
Following the transaction, Danone and WhiteWave will combine its operations in North America to work as a strategic business unit called DanoneWave. Chief Executive officer of the combined company appointed Lorna Davis (Lorna Davis).
"Danone and WhiteWave are ideal for creating the global leader in the food sector", — said General Director of Danone Emmanuel Faber.
About the company:
In 1992, Danone has become one of the first Western companies coming to Russian market. On a Central Moscow street was opened the world's only firm shop Danone. And three years later started its first plant of Danone in Russia. In 2013 the Group changed its official name to "the Group of companies Danone in Russia.