WhiteWave Foods to purchase Earthbound Farm

WhiteWave Foods has said it will purchase Earthbound Farm for $600 million in an effort to expand its organic product offerings. Earthbound Farm will operate separately after the deal closes, which is expected to happen in the first quarter of 2014, the milk producer said. "With Horizon Organic and Earthbound Farm, WhiteWave will now provide the two most popular gateways for consumers to enter into the organic category -- produce and dairy," said WhiteWave chief executive Gregg Engles in a statement.

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