The WhiteWave Foods Co., a consumer packaged food and beverage company in North America and Europe, has completed its previously announced acquisition of So Delicious Dairy Free for approximately $195 million in cash.
WhiteWave funded the acquisition through existing cash balances and available credit.
“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,” said Gregg Engles, chairman and CEO of WhiteWave. “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.”