WhiteWave Foods, Denver, Colo., acquired Wallaby Yogurt Co., Inc., American Canyon, Calif., for approximately $125 million in cash. Founded in 1994, Wallaby produces organic dairy yogurt products, including Greek and Australian yogurts and Kefir beverages.
The addition of Wallaby will strengthen and expand WhiteWave’s growing yogurt portfolio and provide entry into several fast-growing 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, subject to regulatory approvals and other customary closing conditions.