Yogurt maker Danone is acquiring WhiteWave Foods Co., whose brands include Earthbound Farm, for cash at a 24% premium over recent stock pricing.

The deal valued at $12.5 billion, including debt and liabilities, is expected to close by year’s end, Paris-based Danone said July 7 in a news release. The stock offer for Denver, Colo.-based WhiteWave was $56.25 per share, above the company’s 30-day average closing price of $45.43.

The deal is subject to shareholder and regulatory approval.

Besides organic produce shipper Earthbound Farm, WhiteWave’s brands include Silk, So Delicious, Vega, Alpro, Provamel, Horizon Organic, Wallaby Organic, and International Delight.

WhiteWave acquired San Juan Bautista, Calif.-based Earthbound Farm in early 2014 in a $600 million cash deal.

WhiteWave generated $4 billion in sales in 2015 in categories including premium organic dairy, non-GMO, plant-based alternatives to milk and yogurt, fresh foods and coffee creamers.

Since becoming a public company in 2012, WhiteWave sales increased at a 19% percent compound annual rate through 2015. Its operating income doubled during the period.

Danone’s brands include Dannon yogurt, baby foods and Evian water, among others.