WhiteWave Foods Co. has announced the acquisition of Oregon-based So Delicious Dairy Free for $195 million in cash. Founded in 1987, So Delicious Dairy Free is a producer of plant-based creamers, frozen desserts, beverages, and cultured products. Recently, in January, 2014 WhiteWave Foods acquired organic greens and produce company Earthbound Farms for $600 million which contributed $146 million to sales for WhiteWave for the second quarter of this year. WhiteWave reported earnings per share growth of 23% last year and shares have climbed more than 63% year to date. Based on the company’s strong performance in the first half of 2014 WhiteWave management has increased its earnings outlook for the entire year. The deal to acquire So Delicious Dairy Free is expected to close within the next few months.
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