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Whole Earth Brands, Inc. (symbol: FREE) is a leading global platform offering a variety of branded products and ingredients that cater to the growing consumer demand for natural alternatives, plant-based, clean-label, and non-sugar products. Based in Chicago, Illinois, the company plays a key role in the food industry by providing high-quality, plant-based sweeteners, flavor enhancers, and other food products through its diverse portfolio of brands.
Whole Earth Brands operates in two primary segments: Branded Consumer Packaged Goods (CPG) and Flavors & Ingredients. The Branded CPG segment is the largest revenue generator, offering a wide range of sweetener formulations under popular brands such as Whole Earth, Pure Via, Wholesome, Swerve, Canderel, and Equal. These products are marketed and distributed through various channels including food retail, mass merchandising, pharmacies, and food service outlets.
In addition to sweeteners, Whole Earth Brands also produces and sells licorice products. These licorice products find applications across a multitude of industries including confectionery, food, beverage, cosmetics, pharmaceuticals, personal care, and tobacco. The company’s commitment to quality and innovation has earned it a significant presence in major markets worldwide, with key revenue streams coming from North America, Europe, Latin America, India, the Middle East, Africa, and other regions.
Recent achievements and current projects highlight Whole Earth Brands’ dedication to fostering healthier lifestyles through better food choices. The company continuously innovates and expands its product lines to meet evolving consumer preferences. With ongoing partnerships and strong financial performance, Whole Earth Brands is well-positioned to remain a significant player in the global market for natural and plant-based foods.
Whole Earth Brands (Nasdaq: FREE) announced that CEO Albert Manzone and CFO Andy Rusie will host a fireside chat at the 33rd Annual Virtual Roth Conference on March 17, 2021, at 10:30 AM ET. The live audio webcast can be accessed through the Company's Investor Relations website, and an archived replay will be available post-event. Whole Earth Brands is a global food company focused on healthier lifestyles through premium plant-based sweeteners and other food products, distributing in over 100 countries.
Whole Earth Brands (Nasdaq: FREE) will announce its Q4 2020 and full year financial results on March 16, 2021, prior to market opening. The company is hosting a conference call at 8:30 AM Eastern Time on the same day to discuss these results. Investors can access the call via phone or through a live webcast on the investor relations site. Whole Earth Brands focuses on providing plant-based sweeteners and food products, with a commitment to meet consumer demand for healthier options. The company operates globally, distributing products in over 100 countries.
Whole Earth Brands (Nasdaq: FREE) has successfully acquired WSO Investments, the parent company of North America's leading organic sweetener brand, Wholesome Sweeteners, for $180 million. This acquisition, along with the previously acquired Swerve brand, is projected to double Whole Earth’s North American market share and enhance its focus on natural sweeteners, now comprising about 85% of its branded CPG business. The company reaffirmed its 2020 revenue guidance of $270-280 million and adjusted EBITDA of $54-57 million, while also targeting a reduction in its Net Debt-to-Adjusted EBITDA ratio from 4.5x to 3.0x.
Whole Earth Brands (Nasdaq: FREE) will present at the 23rd Annual ICR Virtual Conference on January 12, 2021, at 8:30 AM ET. CEO Albert Manzone and CFO Andy Rusie will share insights during the presentation.
The live audio webcast can be accessed via the Company’s Investor Relations website, with an archived replay available post-event. Whole Earth Brands specializes in plant-based sweeteners and flavor enhancers, aiming to meet the growing demand for healthier dietary options.
Whole Earth Brands (Nasdaq: FREE) announced its acquisition of WSO Investments, the parent company of Wholesome Sweeteners, for $180 million in cash. This deal, unanimously approved by both boards, is expected to be immediately accretive to earnings upon closing in Q1 2021, pending antitrust review. Wholesome is North America's top organic sweetener brand, holding a 76% market share in organic granulated sugar. The acquisition aims to enhance Whole Earth’s scale, positioning in the natural sweetener market, and overall revenue, projecting proforma revenue of about $500 million.
Whole Earth Brands (Nasdaq: FREE) announced that CEO Albert Manzone will present at the Canaccord Genuity AgriFood Tech Innovation Virtual Forum on December 3, 2020, at 2:00 PM ET. The event will be accessible via a live audio webcast on the Company’s Investor Relations website, with an archived replay available afterward. Whole Earth Brands is recognized for its focus on healthier lifestyle products, particularly sweeteners and reduced sugar offerings, through brands such as Whole Earth®, Swerve®, and Equal®. The company aims to expand its global presence with cleaner label options.
Whole Earth Brands (Nasdaq: FREE) reported a 4.6% increase in consolidated revenue to $67.0 million for Q3 2020. The company achieved an operating income of $1.1 million and an Adjusted EBITDA of $16.5 million, a 6.7% increase compared to last year. The acquisition of Swerve is expected to enhance growth in the sweetener market, with anticipated net sales of $100 million. The full-year revenue outlook is adjusted to a range of $270 million to $280 million due to COVID-19 impacts and increased public company costs.
Whole Earth Brands (Nasdaq: FREE) announced the acquisition of Swerve for $80 million on November 10, 2020. This acquisition is expected to boost Whole Earth’s North American branded CPG segment net sales to $100 million, capturing a 10% market share of sweeteners. Swerve's portfolio includes zero sugar, keto-friendly sweeteners, aligning with the growing demand for healthier alternatives. The acquisition is projected to be accretive to earnings in 2021, with significant growth potential as Swerve has achieved a 150% revenue CAGR since 2016.
Whole Earth Brands, Inc. (Nasdaq: FREE) will announce its third quarter financial results for the period ending September 30, 2020, on November 16, 2020, prior to market open. A conference call will follow at 8:30 AM ET, hosted by CEO Albert Manzone and CFO Andy Rusie. Investors can access the call by phone or through a live audio webcast on the company's Investor Relations site. Whole Earth Brands focuses on healthier lifestyle products, including low and zero-calorie sweeteners, with a commitment to expand its global branded portfolio.
Whole Earth Brands (Nasdaq: FREE) has appointed CEO Albert Manzone to its Board of Directors, effective September 18, 2020, expanding the board to seven members. Irwin Simon, Executive Chairman, praised Manzone's strategic insight and operational experience, citing his previous leadership roles in consumer products and consulting. Manzone expressed enthusiasm for the company's growth opportunities in the natural products market, focusing on organic growth and strategic consolidation. Whole Earth Brands aims to capitalize on the trend towards health-conscious consumer products.
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