Lactalis buys Stonyfield from Danone for $875 million
The divestiture is part of the agreement with the U.S. Department of Justice in connection with Danone’s acquisition of WhiteWave.
Press release by Danone
Paris, France — July 3rd, 2017 — Danone has entered into a binding agreement with Lactalis to sell Stonyfield, one of its U.S. dairy subsidiaries, for a purchase price of $875 million, representing 20 times its EBITDA in 2016. Stonyfield generated approximately $370 million in turnover in 2016.