Shares
Today, food company Danone announced its intent to acquire 100 percent of shares in Earth Island, the company behind Vegenaise maker Follow Your Heart. The acquisition allows Danone to build on its goal to increase its global plant-based sales to $6 billion by 2025 while giving Earth Island an opportunity to substantially grow its presence. While the financial terms of this acquisition were not disclosed, in 2016, Danone acquired WhiteWave Foods parent company of vegan brands Silk, So Delicious, Vega, and Alpro in a $12.5 billion deal.
“To preserve and maintain our mission to produce the best plant-based food products and to make them available to as many people as possible, Earth Island looked for a partner that is both capable and well-positioned to help us accelerate and expand this effort,” Earth Island Co-Founder and CEO Bob Goldberg said. “I am pleased to report that we have found one such company with whom we feel both a shared vision and shared values and o