Food and beverage company Sovos Brands has completed its acquisition of noosa yoghurt for an undisclosed sum.

Last month, Sovos signed a merger agreement with Noosa Yoghurt to expand into the yoghurt category.

It will be the third addition to the company’s portfolio in less than two years.

Sovos Brands president and CEO Todd Lachman said: “The addition of noosa allows Sovos to play in three large, on-trend food categories, frozen, sauces and now yoghurt.

“Over the past four years, noosa has more than tripled its sales, market share and local production capacity in Colorado. We plan to build on this success and expand noosa into new markets and geographies and extend it into new categories outside of spoonable yoghurt.”

“Over the past four years, noosa has more than tripled its sales, market share and local production capacity in Colorado.”

The acquisition of noosa is expected to help Sovos nearly double its sales as well as diversify its customer base and create a larger infrastructure.

Noosa was co-founded in 2009 by Koel Thomae and Rob Graves. The company’s products are made using whole milk, a touch of wildflower North American honey and real fruit purées on a family farm in Bellvue, Colorado.

Sovos noted that it will continue to manufacture Noosa products at the Bellvue facility in Colorado.

Deutsche Bank served as financial advisor to noosa, and Weil, Gotshal and Manges acted as legal counsel, while McDermott Will and Emery acted as Sovos’ legal counsel.

Last year, Sovos acquired Michael Angelo’s Gourmet Foods, which produces frozen Italian entrees, as well as pasta sauce and other Italian speciality foods maker Rao’s Specialty Foods.

Free Whitepaper How electronic inspection sensors prevented a potentially extremely costly product recall

A pharmaceutical client was at risk of a product recall due to a capping problem with a new tablet formulation. This document explains how DJA Pharma prevented a costly recall with a simple, elegant and effective solution.

Enter your details here to receive your free whitepaper.

Machinery whitepaper

Download our whitepaper

Yes I have read and accept the terms and conditions and privacy policys.

You are in control of the communications you receive from us and you can update your preferences anytime to make sure you are receiving information that matters to you. Please check our Verdict Privacy Policy to see how we protect and manage your submitted data.

You will receive your free whitepaper after you submit the form.