Danone to sell Stonyfield following WhiteWave acquisition
In order to facilitate the prompt closing of the WhiteWave acquisition, Danone will sell one of its U.S. dairy subsidiaries, Stonyfield in the months following the closing of the acquisition.
Danone, France, reached a major step toward the closing of the WhiteWave acquisition that was first announced in July 2016.
In order to facilitate the prompt closing of the WhiteWave acquisition, Danone will sell one of its U.S. dairy subsidiaries, Stonyfield, Londonderry, N.H., in the months following the closing of the acquisition. While Stonyfield has been a valued part of Danone’s portfolio and remains a highly attractive asset, its divestiture does not impact the strategic rationale or financial benefits of the WhiteWave acquisition. Stonyfield generated approximately $370 million in turnover in 2016.