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Dean Foods to spin off WhiteWave |
08.10.2012
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WhiteWave Foods Company, maker of the popular Silk(r) brand of non-dairy milks and a subsidiary of Dean Foods, has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering (IPO) of its Class A common stock.
The IPO will effectively spin off the division-a leader in a fast-growing category-while raising cash to help manage debt at parent company Dean Foods.
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WhiteWave-Alpro manufactures, markets, distributes and sells plant-based foods and beverages, coffee creamers and beverages and premium dairy products throughout North America and Europe. Its other product lines include Horizon Organic[R] milk and dairy products, International Delight creamers and certain Land O' Lakes dairy products.
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