Refrigeratedtransporter 1325 Big Milk Being Poured Glass

WhiteWave Foods to acquire So Delicious Dairy Free

Sept. 19, 2014
The WhiteWave Foods Company has agreed to acquire So Delicious Dairy Free from its existing shareholders, led by Wasserstein & Co, for approximately $195 million in cash.

The WhiteWave Foods Company (NYSE:WWAV) has agreed to acquire So Delicious Dairy Free from its existing shareholders, led by Wasserstein & Co, for approximately $195 million in cash.
Best known by consumers for its frozen desserts, plant-based beverages, creamers, and cultured products under the So Delicious Dairy Free brand, So Delicious was founded in 1987 by Mark Brawerman, who was chief executive officer until 2013. Based in Eugene OR, So Delicious offers products that are 100% plant-based and its entire product offering is non-GMO-verified.
So Delicious had net sales of $115 million for the 12 months ended June 30, 2014 and is expected to experience continued strong growth in the second half of 2014.
“The acquisition of So Delicious 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 plant-based food and beverage arena, with consumers seeking out the brand for a broad range of great-tasting, dairy-free beverages, creamers, and cultured products. So Delicious is also recognized as the #1 plant-based frozen dessert brand in the United States, and it will provide WhiteWave entry into the growing, plant-based frozen dessert category.”
Rothschild Inc served as financial advisor and Haynes & Boone LLP and Dechert LLP were legal advisors to WhiteWave. Sawaya Segalas & Co LLC served as financial advisor to So Delicious and provided a fairness opinion. Crowell & Moring LLP and Loeb & Loeb LLP were legal advisors to So Delicious. First Beverage Advisors LLC also served as financial advisor to So Delicious.
The deal is expected to close in the next few months, subject to customary closing conditions. WhiteWave intends to fund the acquisition through cash balances and available credit. The transaction is expected to be accretive to WhiteWave’s earnings in the first 12 months after closing, excluding certain transaction and integration expenses.
Go to for more about WhiteWave.
Access for full information about So Delicious.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!