Danone strikes Asia-Pacific deal one-two

Danone contiguous (22 June) announced 2 transactions the institution said volition grow its beingness successful Asia-Pacific's "fast-growing, steadfast nutrition space".

The French dairy elephantine has agreed to bargain Australia-based drinks concern Made Group.

Danone is besides acceptable to instrumentality afloat power of its caller dairy associated task successful the portion with Canadian dairy adjacent Saputo.

The Activia shaper did not disclose the fiscal presumption of the deals.

Made Group, founded successful 2005, sells products including high-protein ready-to-drink products and yogurts. Its brands see Cocobella coconut h2o and Rokeby macromolecule smoothies.

The company, bulk owned since 2021 by private-equity steadfast TPG Capital, sells crossed Australia and has a beingness successful New Zealand and Southeast Asia.

Separately, Danone volition get the 49% involvement it did not ain successful its Australian caller dairy associated task with Saputo, taking afloat power of the business.

The JV, which markets brands including Activia and YoPro, helped Danone to physique a "solid presence" successful functional yogurts successful Australia, the French radical said.

Danone CEO Antoine de Saint-Affrique said: "With its beardown portfolio of brands and steadfast nutritional products, focusing connected gut wellness and protein, Made shows an awesome way grounds of accelerated and profitable maturation

He added: "To further heighten our operational flexibility, we are besides acquiring the remaining involvement successful our Australian caller dairy associated venture."

The 2 deals are expected to beryllium completed successful the 2nd fractional of 2026, taxable to customary closing conditions, including regulatory approvals.

Made Group is expected to present income of much than €300m ($344m) for the fiscal twelvemonth ending June 2026, Danone said.

The radical added the woody is expected to beryllium "accretive" to its operating borderline and net per stock from the archetypal twelvemonth of ownership.

In March, Danone snapped up UK meal-replacement concern Huel. Financial presumption were not disclosed. The Financial Times enactment the acquisition terms astatine astir €1bn (then $1.15bn). Just Food has approached Danone for comment.

Last month, de Saint-Affrique dismissed the thought of Danone buying the Mead Johnson infant-formula concern successful the US owned by Reckitt Benckiser.

"Danone strikes Asia-Pacific woody one-two" was primitively created and published by Just Drinks, a GlobalData owned brand.