Parent Company of Silk Worth More than $10 Billion

Parent Company of Silk Worth More than $10 Billion

Shareholders assess that WhiteWave could have fetched up to $4 billion more than its original sale price.


327 Shares

In July, multinational dairy-focused brand Danone announced its acquisition of WhiteWave Foods—known for its plant-based holdings including Silk, So Delicious, and Vega. As both companies take final steps toward implementing the acquisition, WhiteWave Foods’ shareholders expressed concern over the $10.4 billion purchase price of the company. “Some investors say they are disappointed WhiteWave wasn’t offered more money for the company, which has posted double-digit sales growth with many of its top-selling organic and plant-based products,” Wall Street Journal reporter Kelsee Gee says. WhiteWave shareholder Nick Mazing believes that the company—which reported a net profit of $168 million in 2015 and credited its plant-based holdings for its 28-percent growth in earnings during the first quarter of 2016— should have received 30 to 40 percent more for the merger. With the dairy-free market predicted to reach $35 billion by 2024, Danone’s acquisition of WhiteWave Foods was indeed a steal at the price.

Love the plant-based lifestyle as much as we do?
Get the BEST vegan recipes, travel, celebrity interviews, product picks, and so much more inside every issue of VegNews Magazine. Find out why VegNews is the world’s #1 plant-based magazine by subscribing today!

Subscribe