WhiteWave Foods To Buy So Delicious Dairy For $195 Mln - Quick Facts

(RTTNews) - WhiteWave Foods Coy (WWAV), a consumer packaged food and beverage company, Wednesday agreed to acquire So Delicious Dairy Free from its existing shareholders, led by Wasserstein & Co., for about $195 million in cash.

Best known for its plant-based beverages, creamers, cultured products and frozen desserts under the So Delicious Dairy Free brand, So Delicious was founded in 1987 by Mark Brawerman, who was CEO until 2013. Based in Eugene, Ore., So Delicious' products are 100% plant-based and its entire product offering is non-GMO verified.

So Delicious had net sales of $115 million for the twelve months ended June 2014 and is expected to experience continued strong growth in the second half of 2014.

The deal is expected to close in the next few months. The deal is expected to be accretive to WhiteWave's earnings in the first 12 months following closing, excluding certain transaction and integration expenses.