WhiteWave To Pay $600M For Organic Food Co. Earthbound

Law360, New York (December 9, 2013, 4:08 PM EST) -- WhiteWave Foods Co. said Monday it will acquire organic food company Earthbound Farm from existing Earthbound investors led by Dallas-based Kainos Capital and Earthbound founders Drew and Myra Goodman for about $600 million in cash, in a move meant to help expand WhiteWave's organic offerings.

The deal, expected to close during the first quarter of 2014, gives WhiteWave ownership of one of the largest organic produce brands in North America — according to a WhiteWave press release on the transaction released Monday, Earthbound has anticipated net...
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