DENVER - The WhiteWave Foods Company announced that it has completed its previously announced acquisition of So Delicious Dairy Free (formerly Turtle Mountain) for approximately $195 million in cash. WhiteWave funded the acquisition through existing cash balances and available credit.
Gregg Engles, Chairman and Chief Executive Officer of WhiteWave, said, "We are pleased to complete this transaction, which represents a great addition to the WhiteWave portfolio and fits squarely within our strategy of driving growth in our core businesses. So Delicious is an outstanding company and a unique player in the market, and its portfolio of plant-based beverages, creamers, cultured products and frozen desserts will provide WhiteWave with significant growth opportunities in the dynamic plant-based food and beverage space. We look forward to partnering with our talented colleagues at So Delicious as we continue to change the way the world eats for the better."
The WhiteWave Foods Company is a leading consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, premium dairy products and organic produce throughout North America and Europe. The Company is focused on providing consumers with innovative, great-tasting food and beverage choices that meet their increasing desires for nutritious, flavorful, convenient, and responsibly-produced products. The Company's widely-recognized, leading brands distributed in North America include Silk(R) plant-based foods and beverages, International Delight(R) and LAND O LAKES(R)* coffee creamers and beverages, Horizon Organic(R) premium dairy products and Earthbound
Farm(R) certified organic salads, fruits and vegetables. Its popular European brands of plant-based foods and beverages include Alpro(R) and Provamel(R). To learn more about WhiteWave, visit www.whitewave.com; and for more information about Earthbound Farm, visit www.ebfarm.com.