WhiteWave agrees to buy PE-backed Earthbound Farms for $600 mln

The WhiteWave Foods Company said Monday that it has agreed to acquire Earthbound Farm for approximately $600 million in cash. The sellers include Kainos Capital and founders Drew & Myra Goodman. J.P. Morgan advised WhiteWave in the transaction while Barclays and Houlihan Lokey acted as financial advisors to Earthbound Farm. Based in San Juan Bautista, Calif., Earthbound Farm is an organic food company.

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