French dairy company Danone SA BN said Friday it will sell its U.S. subsidiary Stonyfield as part of an antitrust agreement with the Department of Justice regarding its acquisition of WhiteWave.
Danone reconfirmed its expectations for synergies and earnings margins as a result of the WhiteWave acquisition. Stonyfield generated around $370 million in turnover in 2016.
Danone Chief Executive Emmanuel Faber said selling Stonyfield is “a major step towards completing the WhiteWave acquisition expeditiously.”
By William Horobin
Source: MarketWatch
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
