Danone Purchases Earth Island in Move to Accelerate Plant-Based Offerings
Danone and Earth Island, the maker of Follow Your Heart brands, have entered into a share purchase agreement under which Danone will acquire 100 percent of Earth Island shares. The deal is subject to regulatory approvals. According to Danone, Earth Island represents a strong cultural fit with the company and provides the French multinational with an opportunity to strengthen its plant-based business.
Founded in 1988, Earth Island is a pioneer in the US plant-based marketplace with a dairy-free cheese brand – offering shredded and sliced plant-based cheese, grated and shredded plant-based parmesan and cream cheese alternatives – and its egg-free mayonnaise brand, Vegenaise. The company also produces plant-based sour cream, salad dressings, and VeganEgg within its Follow Your Heart portfolio. Earth Island will be able to accelerate the growth of the Follow Your Heart brand nationally and internationally alongside some of Danone’s best-known plant-based brands, including Alpro, Silk, and So Delicious Dairy Free.
“Our mission has always been to produce the best plant-based food products and to make them available to as many people as possible,” says Bob Goldberg, co-founder, and CEO of Earth Island. “We’re pleased to be joining the Danone family of plant-based companies in a collective effort to bring positive change in the world through the creation of sustainably and responsibly-made foods.”
Danone is committed to bringing plant-based offerings to consumers, in an unmatched variety of formats, for every moment throughout the day, lifestyle, and need, the company says.