logo
Plus   Neg
Share
Email

Danone To Acquire Earth Island - Quick Facts

Danone (DANOY.PK) and Earth Island have entered into a share purchase agreement under which Danone will acquire 100% of the shares of Earth Island. Earth Island is the maker of Follow Your Heart Brands and U.S. pioneer in plant-based foods. Danone said, as part of the company, Earth Island will be able to accelerate the growth of the Follow Your Heart brand nationally and internationally.

Follow Your Heart Brand's signature products include Vegenaise, Dairy-Free Cheeses, VeganEgg, Salad Dressings, Dairy-Free Yogurt, Cream Cheese, and Sour Cream. Follow Your Heart Brand manufactures its products in its Los Angeles-based facility called Earth Island.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Fast-food giant McDonald's said it will be raising hourly wages for more than 36,500 hardworking employees at McDonald's-owned restaurants by an average of 10 percent to make it among the industry-leading pay and benefits package. These increases, which have already begun, will be rolled out over the next several months. Biogen Inc. (BIIB) Friday said its XIRIUS study of cotoretigene toliparvovec failed to meet its primary endpoint in Phase 2/3 in patients with X-linked retinitis pigmentosa or XLRP. The company further noted that the study obtained positive trends in other pre-specified clinically relevant endpoints,... General Mills Inc. (GIS) agreed to buy Tyson Foods' (TSN) pet treats business for $1.2 billion in cash, the companies said in a statement on Friday. The transaction includes the Nudges, Top Chews and True Chews brands. General Mills will also acquire a manufacturing facility in Independence, Iowa.
Follow RTT