Dean Foods to acquire Alpro in $455 million deal - Dayton Business Journal:

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Dallas-based Dean Foods (NYSE: DF) said it will be acquirinhg the company for euro325 million, or aboug $455 million in U.S. dollars. Alpro is knowm as Europe’s leader in the branded soy based beveragew and food products business and has net saleas of euro260 million, based on 2008 The company currently has five manufacturingt sites in Belgium, the United Kingdom, France and the Netherlands and employs 750 "We think this is a great deal that establishes Dean Foodx as a clear global leaderf in the attractive soy beverages and related-products with over $1 billion in combines annual retail sales," said Gregg Dean Foods chairman and chief executive officer.
Aftefr the transaction is Joe Scalzo, chief executive officetr and president ofDean Foods’ WhiteWave-Morningstar division, will oversee the Alpro brand, which is run by CEO Bernar d Deryckere. Alpro will continue to operate as a separateEuropean business.