whitewave foods co (WWAV) Key Developments
Pinnacle Foods Joins Bidders To Acquire Quorn
Mar 21 15
Pinnacle Foods Inc. (NYSE:PF) has joined bidders looking to gobble up Quorn Foods, Inc. Pinnacle Foods is looking to acquire Quorn as it continues its expansion overseas into the vegetarian market. Quorn has been put up for sale by Exponent Inc. (NasdaqGS:EXPO) with a price tag understood to be between £400 million and £500 million. An auction process, led by Houlihan Lokey, could start in April 2015. Bob Gamgort, Pinnacle’s Chief Executive Officer, said he believed “plant-based protein is at the tipping point of becoming mainstream”. The WhiteWave Foods Company (NYSE:WWAV), The Hain Celestial Group, Inc. (NasdaqGS:HAIN) and Nestlé S.A. (SWX:NESN) are also understood to be in the running. Hain Celestial and Pinnacle Foods declined to comment.
WhiteWave Foods Launches Horizon's Six New Snack and Mac & Cheese Products
Mar 12 15
The WhiteWave Foods Company has announced the launch of Horizon's six new snack and mac & cheese products. The new products are an extension of Horizon's mac & cheese and snack lines introduced early last year. All of the new products fall on the organic spectrum and are regulated by the USDA's National Organic Program (NOP). The new products include: Horizon Super Squeeze pouches, Horizon Organic Apple Clusters and Fruit Crunchers, Horizon Organic Fruit Snacks, Horizon Organic Gluten-Free Mac and Horizon Microwaveable ClassicMac. Like all Horizon products, these six new snacking and mac & cheese products fall on the organic spectrum, are third-party certified and regulated by the USDA's NOP. The labels on the new products clearly designate which are organic and which are made with organic. The organic varieties carry the USDA Organic Seal and contain at least 95% certified organic ingredients, while the made with organic products contain at least 70% certified organic ingredients.
WhiteWave In Preliminary Talks To Buy Quorn
Mar 8 15
The WhiteWave Foods Company (NYSE:WWAV) is planning to acquire Quorn Foods, Inc. The talks are highly preliminary and may not lead to a formal offer from WhiteWave or a deal, a source said. Even if WhiteWave does pursue a formal? offer for Quorn, it is unlikely to be the only bidder. WhiteWave declined to comment.
WhiteWave Foods Introduces Yulu™
Mar 5 15
WhiteWave Foods has introduced Yulu™, a new Australian-style yogurt brand. Inspired by an authentic Australian recipe, Yulu Double Smoothed™ is made with fresh ingredients to create an extra creamy texture. Yulu Aussie-style yogurt is a full fat yogurt, made with real fruit and double-blended to create a creamy, smooth taste. Each 5.3-ounce cup of Yulu yogurt is packed with nine grams of protein. Yulu is currently available in five varieties, including: Blueberry, Honey, Raspberry, Strawberry, Vanilla Bean. The first Aussie-style yogurt from WhiteWave Foods, Yulu enters the growing yogurt category as a good solution for consumers who want a delicious and nutritious yogurt without the tangy, tart taste often associated with high-protein yogurts. Available in grocery stores, supercenters and natural food stores nationwide, Yulu yogurt can be found near similar products in the dairy aisles.
WhiteWave Foods Voluntarily Recalls Horizon Cheddar Sandwich Crackers Due to Undeclared Peanuts
Feb 21 15
WhiteWave Foods is voluntarily recalling 7.5 oz packages of Horizon Cheddar Sandwich Crackers because they may contain undeclared peanuts. People who have an allergy or sensitivity to peanuts run the risk of a serious or life-threatening allergic reaction if they consume this product. No illnesses have been reported to date. The company believes fewer than 62,160 boxes of product have been shipped to retailers and wholesalers in the states of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, New Hampshire, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington and Wisconsin. The recall is taking place due to an inadvertent packaging error. The outer package is labeled as a cheddar sandwich cracker and the inner package contains the peanut butter sandwich crackers. WhiteWave's sales team is working with distributors to actively recover any impacted product remaining on store shelves, and the Company has implemented measures to prevent this from happening in the future. Consumers should check the top of the individual box and look for a "best before" date of 17 May 2015, and check the bottom of the box for a Universal Product Code (UPC) of 42365 00464. This is the only product involved in the recall. The Food and Drug Administration (FDA) has been notified of this recall, and it is coordinating its communication efforts with the organization Food Allergy Research & Education (FARE).