US-based WhiteWave Foods has acquired So Delicious Dairy Free, in a previously announced deal worth $195m.
Earlier in September, WhiteWave Foods agreed to acquire So Delicious Dairy Free from its existing shareholders, led by Wasserstein & Co.
The company funded the acquisition through existing cash balances and available credit.
WhiteWave Foods chairman and CEO Gregg Engles said: "We are pleased to complete this transaction, which represents a great addition to the WhiteWave portfolio and fits squarely within our strategy of driving growth in our core businesses.
"So Delicious is an outstanding company and a unique player in the market, and its portfolio of plant-based beverages, creamers, cultured products and frozen desserts will provide WhiteWave with significant growth opportunities in the dynamic plant-based food and beverage space."
So Delicious generated $115m in net sales for the twelve months ended 30 June 2014 and is expected to experience continued strong growth in the second half of 2014.
