The WhiteWave Foods Company (NYSE: WWAV) (“WhiteWave”) today announced the closing of the public offering of 34.4 million shares of its Class A common stock owned by Dean Foods Company (“Dean Foods”), including approximately 4.5 million shares sold pursuant to the underwriters’ over-allotment option. Following the closing of the offering, Dean Foods no longer owns any shares of WhiteWave common stock. WhiteWave did not issue any new shares and did not receive any proceeds as part of the offering. There are approximately 105.1 million shares of WhiteWave Class A common stock outstanding and approximately 67.9 million shares of WhiteWave Class B common stock outstanding, in each case based on the number of shares outstanding as of June 30, 2013.
“The sale of its remaining shares of WhiteWave is the final step in our separation from Dean Foods,” said Gregg Engles, Chairman and Chief Executive Officer of WhiteWave. “This is another milestone we have reached as we continue to differentiate ourselves with a clear strategy, trusted brands and a culture of continuous innovation. I look forward to driving growth in our three primary categories: plant-based foods and beverages, coffee creamers and beverages, and premium dairy products.”
About The WhiteWave Foods Company
The WhiteWave Foods Company is a leading consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, and premium dairy products throughout North America and Europe. WhiteWave is focused on providing consumers with innovative, great-tasting food and beverage choices that meet their increasing desires for nutritious, flavorful, convenient, and responsibly produced products. WhiteWave’s widely-recognized, leading brands distributed in North America include Silk® plant-based foods and beverages, International Delight® and LAND O LAKES® coffee creamers and beverages, and Horizon Organic® premium dairy products. Its popular European brands of plant-based foods and beverages include Alpro® and Provamel®.
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