Dive Brief:
- WhiteWave Foods said revenue leaped 34% in its third quarter, driven largely by recent acquisitions.
- The Brooklyn-based owner of organic brands such as Horizon milk and Silk non-dairy said its organic produce unit Earthbound Farms, which it purchased in December to create an organic food powerhouse, saw its sales climb 7%.
- Earlier in its third quarter, WhiteWave purchased the So Delicious brand of dairy-free creamers and desserts in an all-cash $195 million deal.
Dive Insight:
It's getting increasingly apparent that one of the worst (or best, depending on your perspective) decisions was Dean Foods' to spin off its organic brands in 2012. And WhiteWave, with a market cap of more than $6.4 billion, is nearly six times bigger than Dean Foods.
