June 15/Dallas/PRNewswire-FirstCall -- Dean Foods Company announced its agreement to acquire the Alpro division of Vandemoortele N.V., Belgium's largest privately held food company. The transaction's price is approximately 325 million euros. It is expected to be completed in the third quarter.
With its Alpro soya and Provamel brands, Alpro is a European leader in branded soy-based beverage and food products with net sales of approximately 260 million euros in 2008. Alpro has five manufacturing sites in Belgium, the U.K., France and the Netherlands, and employs approximately 750 people.