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 …
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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 …
FMCG giant Danone has announced that they are looking for a buyer for its factory in the north west of Spain, since they are looking to close it. According to sources, last month Danone announced the closure of the factory in the town of Salas in the name of improving ‘competitiveness and industrial efficiency’. The workers of the factory held a demonstration against the decision and Danone states that the …
FMCG giant Danone has announced the sale of its 25% remaining stakes in Yashili to Mengniu and the 20% of its holds owned in the Inner Mongolia Dairy joint venture. Simultaneously, the French giant announced the acquisition of the totality of Dumex Baby Food Co Ltd, a Chinese manufacturer of infant milk formula products, that had been previously sold by Danone to Mengniu in 2016. In a statement, Danone said: …
Danone, the food and beverage multinational, has announced the sale of its water and beverage business in Denmark, to Royal Unibrew, a Denmark-based brewing, and beverage company. According to sources, the sale is part of Danone’s strategic portfolio review and of the continuous optimization of its capital allocation. Royal Unibrew’s CEO, Lars Jensen, said: “I am very pleased to announce that we have entered into an agreement to acquire Aqua …
French dairy multinational Danone has announced it has acquired a majority stake in Harmless Harvest, a US business offering coconut-based drinks and yoghurt, through its corporate venture arm Danone Manifesto Ventures (DMV). DMV first invested in Harmless Harvest in 2017 as part of a $30 million capital growth round. Founded in 2009, Harmless Harvest is described as a leader in the fast-growing premium coconut water category in the US. It …
Danone, the food and beverage multinational, has announced the sale of its plant-based nutritional products brand Vega to WM Partners, a private equity firm. Vega’s products are available throughout Canada and USA and its portfolio includes plant-based sport and nutrition items such as protein powders, bars, supplements, and snacks. According to Danone, the deal is part of the company’s ongoing optimisation of capital allocation and of the strategic review of …
Danone, the food and beverage multinational, has announced a partnership with plant-based foods producer Earth Island to acquire 100% of its shares as well as the Follow Your Heart Brand. The Follow Your Heart product portfolio includes dairy-free cheeses and yoghurt, egg-free mayonnaise, cream cheese alternatives, and salad dressings. Danone said the deal would expand its plant-based offerings, adding Follow Your Heart to existing plant-based brands such as Alpro, Silk, and So Delicious …
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