WhiteWave Foods to acquire Vega for $550 million

DENVER —The WhiteWave Foods Co. (NYSE: WWAV) Tuesday announced that it plans to acquire Vega, a food and beverage company based in Vancouver, British Columbia, for $550 million in cash.

Denver-based WhiteWave, which has a significant presence in Broomfield, intends to fund the acquisition under its existing $1 billion revolving credit facility.

Vega offers a broad range of plant-based nutrition products — primarily powdered shakes and snack bars. Vega, founded in 2004, generated net sales in the United States and Canada of approximately $100 million over the last 12 months, representing growth of more than…