WhiteWave Foods Buys Wallaby Yogurt Company
Deal is reportedly worth $125 million, and is the second major WhiteWave purchase in the past two months
"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 Denver company said in a statement.
It's the second big purchase for WhiteWave in the past two months.
In June, WhiteWave said it was buying powdered shake and snack bar company Vega of Canada for $550 million in cash.