Taylor Farms, a maker of salads and fresh foods, has acquired US organic salad business brand Earthbound Farm from international dairy giant Danone for an undisclosed sum.
Earthbound Farm is described as the largest producer of organic salads in the US and had annual sales of around $400 million in 2018.
In a statement, Taylor Farms said: “We are grateful for Danone’s stewardship of Earthbound Farm during the past two years and for the opportunity to return ownership of this organic fresh produce leader to local roots and family ownership”.
“Earthbound Farm will join the Taylor Farms Retail Group and help lead growth in the dynamic organic fresh produce category”, the company added. “We will build on Earthbound Farm’s tradition of organic authenticity, new variety development and quality focus with expanded regional organic growing and processing capability to better serve Earthbound Farm’s customers and consumers across North America”.
Earthbound Farm was acquired by Danone as part of the latter’s purchase of White Wave Foods in 2017. The dairy giant described the move as being “part of Danone’s portfolio management and capital allocation optimization strategy”.
Source: Danone / Taylor Farms