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Dean Foods buys Alpro
by Redaktion (comments: 0)
Dean Foods has just announced the agreement to acquire Alpro, a division of the Vandemoortele Group. Alpro is the European market leader in branded soy food products, with the brands Alpro for retail and out-of-home channels and Provamel, distributed in specialized organic health stores. Alpro generates annual revenues of 260 million € in its five manufacturing sites in Belgium, France, in the UK and the Netherlands, reports Seeking Alpha.
Demand for soy and organic foods have increased rapidly, due to growing awareness among consumers. The Dean Foods brand of Silk Soy is the leading brand of soymilk in the USA. The management sees significant opportunities to strengthen the businesses in the USA as well as in Europe with a common soy platform, expecting to accelerate revenue and earnings growth. Also, this move will allow the company to expand soy products globally. The acquisition of the European market leader will make Dean Foods the global leader in the soy beverages and related products category, with over 1 billion $ in annual retail sales.