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 …
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The dairy producer WhiteWave Food has agreed to purchase Wallaby, a manufacturer of organic dairy yoghurt , for approximately $125 million. The deal, subject to regulatory approval, is expected to be completed in the third quarter of the year. The acquisition of the California-based Wallaby will provide WhiteWave with a larger portfolio of yoghurt and kefir beverages as well as a West-Coast based facilities and growth opportunities, according to a …
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