DanoneWave, the newly formed combined entity of WhiteWave Foods and Danone’s dairy business, has been incorporated as a public benefit corporation in the US.
The company will have more than $6 billion in revenue and 6,000 employees, making DanoneWave the largest public benefit corporation in the US. This specific type of corporation is designed to operate in a responsible and sustainable manner by balancing shareholders’ financial interests with environmental and people goals.