Earthbound Farms sold to Colorado Co - 12/09/13 17:30 OG
Earthbound Farms, A LOCALLY-OWNED organic food produce company SINCE 1984, has been purchased by WhiteWave food company for roughly 600 million DOLLARS. WhiteWave is a Broomfield, CoLORADO.-based milk producer well-known for it’s brands Silk and Horizon. IN A STATEMENT RELEASED BY WHITEWAVE C-E-O GREGG ENGLES, HE CONSIDERED EARTHBOUND FARMS AN “OUTSTANDING ORGANIZATION WELL-KNOWN FOR IT’S INNOVATION” AND A “NATURAL EXTENSION” OF WHITEWAVE’S ROLE in the ORGANIC FOOD INDUSTRY. The acquisition is still subject to Regulatory approvals but is expected to be Completed in the first three months of 2014.