WhiteWave to Buy Earthbound Farm

Dairy products producer WhiteWave Foods Co (WWAV.N) said it would buy organic food brand Earthbound Farm from investors including private equity firm Kainos Capital for about $600 million to expand its offerings of organic products. Earthbound Farm produces packaged salads and organic fresh and frozen fruits and vegetables, as well as dried fruits and snacks. Its sales are expected to top $500 million in 2013, WhiteWave said on Monday. (Reuters)