Dean Foods Completes Alpro Acquisition

DALLAS (AP) -- Dairy processor Dean Foods Co. said Monday it closed the purchase of Belgium-based Vandemoortele NV's Alpro unit for about 325 million euros ($454.5 million).

The purchase is being financed with an existing revolving credit agreement.

Alpro makes branded soy-based beverage and food products, which include its Alpro soya and Provamel brands. The unit has approximately 750 employees and five plants in Belgium, the U.K., France and the Netherlands.

The acquisition is expected to modestly add to Dean Foods' 2009 earnings.

Shares of Dean Foods inched up 11 cents to $19.67 in midday trading.

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