US dairy producer WhiteWave Foods has agreed to acquire California-based Wallaby Yogurt Company for approximately $125m.
In a statement, WhiteWave described Wallaby as “a leading manufacturer and distributor of organic dairy yogurt products that include Greek and Australian yogurt and Kefir beverages”. It markets its products under the Wallaby Organic brand.
A company spokesperson said: “The addition of Wallaby will 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 deal is expected to be completed in the third quarter of this year, subject to regulatory approval and other customary closing conditions.
WhiteWave has also announced that it has completed the acquisition of Vancouver-based plant-based nutrition supplier Vega in a deal worth $550m. The transaction will give Denver-based WhiteWave access to “a new and fast-growing category in nutritional powders and bars with additional innovation opportunities, and enhances its position as a global leader of plant-based foods and beverages”.
Both deals were paid for in cash, the firm said.
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