DENVER, Oct. 31, 2014 (GLOBE NEWSWIRE) — The WhiteWave Foods Company (“WhiteWave”), a leading consumer packaged food and beverage company in North America and Europe, today announced that it has completed its previously announced acquisition of So Delicious(R) Dairy Free 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.”
ABOUT THE WHITEWAVE FOODS COMPANY
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.
* The LAND O LAKES brand is owned by Land O’Lakes, Inc. and is used by license.
ABOUT SO DELICIOUS(R) DAIRY FREE
Based in Eugene, Oregon since 1987, So Delicious(R) Dairy Free provides consumers with the broadest selection of delicious alternatives to dairy-based foods and beverages. Ideal for 50 million lactose intolerant Americans and millions of other fans with a variety of food sensitivities, So Delicious Dairy Free products are proud to offer truly delicious solutions across numerous categories for people with special dietary needs and desires. All products are 100% plant based and Non-GMO Project Verified with no artificial sweeteners, trans-fats or hydrogenated oils. Many products are made with certified organic and fair trade ingredients. So Delicious Dairy Free’s portfolio includes dairy-free frozen desserts, beverages, cultured products, coffee creamers, and more. So Delicious was founded in 1987 by Mark Brawerman, who was CEO until 2013. For full product offerings and complete nutritional information, please visit us on Facebook at So Delicious Dairy Free or Twitter @So_Delicious or online at SoDeliciousDairyFree.com.