The parent company of Stonyfield Farm is putting the New Hampshire yogurt maker up for sale.
The French food giant Danone announced its plans today as it seeks to complete an acquisition of Denver-based WhiteWave Foods. U.S. antitrust regulators expressed concerns about Danone controlling a dairy monopoly, prompting the firm to sell off Stonyfield.
“While as part of our agreement with the DOJ, we have made the strategic decision to divest our Stonyfield business, we are proud of all that we have accomplished together,” said Emmanuel Faber, Danone’s CEO. “We are committed to finding the right partner to support Stonyfield growth journey in the future.”
Stonyfield executives declined to comment.
Danone made its first investment in the Londonderry-based company in 2001, and by 2014 owned all of Stonyfield. The organic yogurt company was founded in 1983. Danone says sales last year for the brand reached $370 million.
