April 16, 2019 – Privately-held Taylor Farms has purchased Earthbound Farm from the French conglomerate Danone, bringing the beloved organic brand back home to the Salinas Valley and catapulting Taylor to the forefront of the organic produce sector.
While the price was not disclosed, Bloomberg News reported last June that Danone was looking for a buyer and valued Earthbound in the neighborhood of $500 million.
No formal announcement has been made regarding Earthbound’s popular farm stand on Carmel Valley Road, but employees tell us they don’t expect any major changes.
“We are grateful for the opportunity to return ownership of this organic produce leader to local roots and family ownership,” said CEO Bruce Taylor in a news release announcing the sale.
Earthbound was founded in 1984 by Drew and Myra … Read More