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Whitewave to acquire Wallaby

Plant-based foods and beverages company WhiteWave has announced that it has agreed to acquire Wallaby Yogurt Company for approximately $125 million in cash. Founded in 1994 and based in American Canyon, California, Wallaby is a manufacturer and distributor of organic dairy yogurt products that include Greek and Australian yogurts and Kefir beverages. Wallaby had net […]

Plant-based foods and beverages company WhiteWave has announced that it has agreed to acquire Wallaby Yogurt Company for approximately $125 million in cash. Founded in 1994 and based in American Canyon, California, Wallaby is a manufacturer and distributor of organic dairy yogurt products that include Greek and Australian yogurts and Kefir beverages. Wallaby had net sales of more than $45 million for the twelve months ended June 2015, representing growth of over 20% during this period. The addition of Wallaby will, said the company, strengthen and expand WhiteWave’s growing yogurt portfolio and provide entry into several fastgrowing yogurt categories. The acquisition also provides WhiteWave with West Coast based yogurt manufacturing capabilities and other expansion and growth opportunities. The transaction is expected to close in the third quarter of 2015.

WhiteWave also announced that it had completed the acquisition of plant-based nutritional products company Vega on August 1, 2015, for a purchase price of approximately US$550 million in cash. Vega is based in Vancouver, British Columbia.