FMCG giant Danone has made a non-binding offer to acquire Lifeway Foods, a manufacturer of kefir and probiotic products, for $283 million ($25 per share). Lifeway Foods is a leading provider of kefir drinks and desserts, with distribution in the United States, Mexico, Ireland, South Africa and France. Danone, which already holds 23.4% of Lifeway’s common stock, said the proposal aligned with its wider strategy to enhance its portfolio within …
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Danone, the French consumer goods giant, has inaugurated a plant-based beverage facility for its Alpro brand in Villecomtal-sur-Arros, southwestern France. According to the company, it invested millions of euros over two years turning the site into its sole French oat flour to oat juice site for Alpro. Once fully operational, the plant will have capacity to output over 300,000 litres of beverages per day for distribution both domestically and throughout …
Danone has announced the launch of a new range of Greek-style yoghurt alternatives made from pea protein, marketed under its Silk brand. According to the company, the new plant-based yoghurts feature 12g of Canadian pea protein and will be available in key lime and vanilla varieties, in 500g tubs. “The new Silk protein plant-based yogurt range provides Canadians with a versatile offering that meets ever-changing dietary needs and preferences, while …
FMCG giant Danone has announced plans to close its yoghurt factory in Parets del Valls, Spain to enhance “the competitiveness of brands” and bolster “industrial efficiency”. “From this moment on, Danone Spain will work together with the legal representation of the workers to offer the best possible solutions, and minimise the impact on the employees of the plant”, the company said in a statement. The closure will reportedly affect 157 …
Danone, the French consumer goods giant, has signed an agreement to sell the Horizon Organic and Wallaby dairy brands to US-based investment firm Platinum Equity for an undisclosed sum. Established in 1991, Horizon Organic offers USDA-certified organic dairy products ranging from milk and creamers to yoghurt, cheese, and butter. Australian brand Wallaby Organic specializes in creamy yoghurts, including traditional Australian-style and organic Greek yogurt varieties. Commenting on the deal, Antoine …
CTH Invest, a Belgian holding company associated with confectionery major Ferrero, has announced that it has entered into exclusive negotiations to fully acquire the Michel et Augustin food and drinks brand from French consumer goods giant Danone. Founded in 2004, Michel et Augustin markets biscuits, dairy products, fresh desserts and beverages. It was acquired by Danone in 2016. In a statement, Ferrero said the planned acquisition would strengthen the Ferrero …
FMCG giant Danone has announced plans to invest up to $65 million over the next two years to create a new bottle production line at its existing facility in Jacksonville, Florida, according to a Food Manufacturing Report. The investment aims to increase production of coffee and coffee creamer products under brands such as International Delight and SToK to meet consumer demand. The new production line is also intended to contribute …
Danone, the French consumer goods giant, has inaugurated its new Daniel Carasso Research & Innovation Center in Paris with the aim of creating “the products of the future” The new centre, located on the Paris-Saclay campus, will be dedicated to development and innovation in the categories of “fresh dairy and plant-based products” and “natural mineral water” . In a statement, Danone said the facility would have state-of-the art laboratories to research …
Danone, the French consumer goods giant, has announced it is exploring strategic options, including a potential sale, for its organic dairy activity in the US, comprising the Horizon Organic and Wallaby businesses. “This announcement is an additional step in the portfolio review and asset rotation program the company announced in March 2022, as part of the Renew Danone strategy”, Danone said in a statement. While touting Horizon Organic and Wallaby as “strong, …
FMCG giant Danone has announced it is ceasing production of Bonafont bottled waters in Brazil, including all of its activities in the Jacutinga plant in the state of Minas Gerais. According to a FoodBev report, the decision is line with Danone’s decision to focus on dairy and plant-based products and specialised nutrition in the country, which are described as being more profitable and with higher growth rates. Danone said: “The decision to discontinue …
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