Danone announced that it has signed a definitive agreement for the sale of Earthbound Farm, its U.S. organic salad business, to California-based Taylor Farms, a family-owned salad and fresh food company.
The sale of Earthbound Farm, which had annual sales of about $400 million in 2018, is part of Danone’s portfolio management and capital allocation optimization strategy, the company said.
Earthbound Farm, founded in 1984 in California, is the largest producer of organic salads in the U.S. The company had been owned by WhiteWave Foods since 2013. Danone acquired WhiteWave in 2017, significantly expanding its global presence in plant-based and organic food products and creating a global leader uniquely positioned to capitalize on consumer trends toward healthier and more sustainable eating and drinking choices.
Taylor Farms said Earthbound Farm will join its Retail Group and help lead growth in the dynamic organic fresh produce category.
“We will build on Earthbound Farm’s tradition of organic authenticity, new variety development and quality focus with expanded regional organic growing and processing capability to better serve Earthbound Farm’s customers and consumers across North America,” Taylor Farms said.