Whitewave reached $3.14 billion in turnover for 2014
“WhiteWave owns Silk, So Delicious, Earthbound Farm and Alpro and recorded US$3.4 billion in 2014 revenue”
Vancouver Sun, 2015
WhiteWave Foods
Plant based milks account for 7.5% of us retail milk sales
“ While the meteoric growth of plant-based beverages such as almond milk is well-documented, WhiteWave Foods has identified $2.7bn worth of business in other plant-based categories in the US retail market, including yogurt, creamers, and frozen desserts, which it says are currently underdeveloped… WhiteWave Foods CEO Gregg Engles said plant-based beverages now accounted for an astonishing 7.5% of dollar sales in the US retail ‘milk’ market, while plant-based products only accounted for 1.8% of the creamers market, 0.6% of the ice cream market, and 0.7% of the yogurt market… As for plant-based beverages, he said: “Over the past five years the plant-based category has seen steady increases in household penetration [31% in 2015 vs 18% in 2010], but many opportunities still exist to expand the category, including converting milk households to new innovations like Silk cashew milk”
Food Navigator USA, 2015
Quarterly sales up 36% to $838 million
“WhiteWave Foods – which sells plant-based products under the Silk brand in the US and the Alpro and Provamel brands in Europe – also makes products under the Horizon Organic, TruMoo, Land O Lakes and Earthbound Farm brands. Net sales
for the quarter ended June 30 were up
36% to $838m. Operating income rose 53% to $88m… WhiteWave Foods to buy SO Delicious Dairy Free in $195m deal to expand its plant-based foods empire… Best known for its non-GMO Project verified plant-based beverages, creamers, cultured products and frozen desserts, Oregon-based So Delicious generated net sales of $115m in the year ended June 30, 2014… SO Delicious is also recognized as the #1 plant-based frozen dessert brand in the United States… [The deal] builds on our platform of Silk and Alpro branded products by expanding plant-based capabilities and providing new category opportunities… SO Delicious Dairy Free has notched up a compound annual growth rate of 30%+ over the past five years, and the brand is now worth close to $200m at retail”
Food Navigator USA, 2014
Whitewave aquire vega for $550 million
“WhiteWave Foods Co…. agreed to buy nutrition food company Vega for about $550 million in cash… Vancouver-based Vega, founded in 2004, sells plant-based powdered shakes and snack bars. It had sales of about $100 million in the past 12 months”
Bloomberg, 2015
Silk soy milk sales up 45% in last quarter
“Even as the average American drinks less dairy, thirst for plant-based alternatives
such as almond milk is growing. Silk, the best-selling brand in the US… posted a 45% increase in sales last quarter… The latest data from Nielsen show a very similar gain in dollar sales of all almond milks in the US, which increased more than 46% in the 12 months ended July 26. Almond milk is now an almost $738 million business, and the nutty drink has replaced soy as America’s preferred plant-based milk. Soymilk sales were only $341.1 million for that period, and have been declining for years”
Bloomberg, 2014
Whitewave owned Alpro invest £28 million in new product lines
“Alpro the US food and drink manufacturer has invested £28 Million and brought 50 new jobs to new product lines in Northamptonshire. New products are bringing in about 30% more turnover and demand for soya foods was also increasing, the firm, already employing 100 people, said”
BBC, 2015
Danone (bn) to acquire Whitewave Foods (wwav)for over $12 billion
“Danone SA, the French dairy giant whose yogurt brands are a common sight on supermarket shelves around the world, announced Thursday it is acquiring WhiteWave Foods Co., the Denver, Colorado, producer of organic foods and plant-based milks. The all-cash deal values the U.S. company at $56.25 per share, for a total enterprise value of about $12.5 billion.
The deal “doubles the size of Danone’s U.S. business” and will create “synergies of #300 million by 2020,” the French company said in a statement. The price offered for shares of WhiteWave Foods is a 24 percent premium to the company’s 30-day average closing price”
International Business Times, 2016
