date:Nov 12, 2012
r dairy business in a deal worth an estimated $1bn.
Segment-wise, the WhiteWave-Alpro division posted a 13% increase in sales to $598m, compared to $531m in 2011, driven by the coffee creamers and beverages platform.
Operating income of the division grew 25% to $64m, up from $52m in 2011.
The Fresh Dairy Direct segment, which is the company's largest revenue generator, saw a 13% decline in net sales to $2.2bn, due to higher raw milk costs, while operating income rose 32% to $100m.
The Morning