May 24, 2013

Dean Foods completes WhiteWave spinoff

BROOMFIELD -Dean Foods Co. said it completed its spinoff of WhiteWave Foods Co. on Thursday, May 23.

Broomfield-based WhiteWave Foods Co. (NYSE: WWAV) shareholders own 80 percent of the company. Dallas-based Dean Foods Co. (NYSE: DF) owns 20 percent of the company.

Dean Foods said it plans to sell its remaining WhiteWave shares within 18 months, according to a press statement released Thursday. WhiteWave went public Oct. 26 in a $391 million stock offering.

No changes are expected at WhiteWave’s headquarters in Broomfield where about 550 are employed, said Blaine McPeak, WhiteWave’s president. The company also plans to open a corporate office in…

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