Leading global food and beverage company Danone and Earth Island, maker of Follow Your Heart brands and a pioneering leader in plant-based foods, has announced that they have entered into a share purchase agreement under which Danone will acquire 100% of the shares of Earth Island.
With a proven track record of growth and innovation, and a long-term commitment to nutrition, sustainability, and environmental stewardship, Earth Island represents a strong cultural fit with Danone and provides Danone with a unique opportunity to strengthen its plant-based business.
Earth Island is a pioneer in the US plant-based marketplace with a leading dairy-free cheese brand—offering shredded and sliced plant-based cheese, grated and shredded plant-based parmesan and cream cheese alternatives—and the most iconic egg-free mayonnaise brand, Vegenaise. The company also produces delicious plant-based sour cream, salad dressings, and VeganEgg within their Follow Your Heart portfolio.
As a global and US leader in plant-based food and beverages, Danone is committed to bringing innovative, delicious plant-based offerings to consumers, in an unmatched variety of formats, for every moment throughout the day, lifestyle and need.
This partnership will enable Danone to enhance and expand its plant-based offerings to provide consumers with plant-based alternatives for even more occasions throughout their day, while also contributing to its goal of increasing plant-based sales worldwide from more than €2 billion in 2020 to €5 billion by 2025. Together, the two companies will continue to lead the plant-based revolution to support the health of people and the planet.