Heinz

#27
Hain
Celestial
#85
ShariAnn's
M&M
Mars
#14
Kraft
#3
Coca-Cola
#13
General
Mills
#7
Cargill
#20
Dean
#6
ConAgra
#9
Kellogg
#10
Walnut
Acres
Millina's
Finest
Frutti di
Bosco
Muir Glen
Celestial
Seasonings
Imagine/Rice
Dream/Soy
Dream
Little Bear
Arrowhead
Mills
Bearitos
Spectrum
Organics
Lightlife
The Organic
Cow of
Vermont
Breadshop
Alta Dena
Westbrae
Mountain
Sun
DeBole's
Earth's Best
Nile Spice
Health Valley
Westsoy
Cascadian
Farm
Garden of
Eatin'
Casbah
Horizon
Odwalla
White
Wave/Silk
Organic Industry
Structure:
Acquisitions by the Top 30
Food Processors in
North America
October
2001
$181 M
July 1998
13% Equity
January 2004
100% Equity
$216 M
Morningstar
Farms/Natural
Touch
November 1999
$307 M
Organic
Brand
Acquisitions
Strategic
Alliances
# Numbers refer to
rank in North
American food sales
according to Food
Processing, August,
2008
September 1999
$100 M
19.5% Equity;
December 2005
0% Equity
October 1997
$23.5 M
June 2003
October 2001
June 2001
September 1999
From Heinz
March 2000
$390 M
December
2002
April 1999
$80 M
April 1998
$80 M
December 1998
Back to
Nature
Boca
Foods
French
Meadow
Seeds of
Change
1997
July
2000
December
1999
March
1998
June 1998
36% Equity
May 2002
100% Equity
$189 M
May 1999
April 1999
June
2000
September 2003
Kashi
August
2005
$33 M
August 2003
February 2000
Food
Processors#
Hershey
Foods
#24
Dagoba
October
2006
TofuTown
June 2007
From Dean
May
2002
Naked
Juice
Pepsi
#2
November 2006
Green &
Black's 2002, 5% Equity
May 2005, 100% Equity
Cadbury
sold N.A.
beverage division
in 2008
Alexia
Foods
July 2007
Wholesome
& Hearty
(Gardenburger)
Bear
Naked
November 2007
$122 M
Rich
Products
Corp.
(#40)
January
2007
June 2009
Phil Howard, Assistant Professor
Michigan State University
Nestle
#5
Tribe
Mediterranean
Foods
September 2008
$57M
via Israeli subsidiary
Osen Group
(50.1% Equity)