12 April 2019 | News
The sale of Earthbound Farm is part of Danone’s portfolio management and capital allocation optimization strategy.
image credit- taylormademarket.com
Danone has signed a definitive agreement for the sale of Earthbound Farm, the US organic salads business, to California-based Taylor Farms, a family-owned salads and fresh foods company. The transaction closed on 11th April 2019.
The sale of Earthbound Farm, which had annual sales of about $400 million in 2018, is part of Danone’s portfolio management and capital allocation optimization strategy.
Earthbound Farm, founded in 1984 in California, is the largest producer of organic salads in the US. The company had been owned by WhiteWave Foods since 2013.
Danone acquired WhiteWave in 2017, significantly expanding its global presence in plant-based and organic food products and creating a global leader uniquely positioned to capitalize on consumer trends towards healthier and more sustainable eating and drinking choices.