Libstar to launch new range of yoghurt to take on French group Danone

SOUTH AFRICA - South Africa’s consumer packaged food company, Libstar Holdings Ltd is set to launch new ranges of yoghurt and shakes by July in competition against France’s Danone and other local leaders in the dairy sector. This is also in strive to gain local market share dominated by Clover Industries, the branded foods and…

Danone releases 15 new infant nutrition products in the UK

UK - Danone’s Cow & Gate brand has announced that it will release 15 new infant nutrition products in the UK, and will refresh the packaging of its entire product range. According to FoodBev, Cow & Gate has released new butternut squash, salmon & courgette and courgette & hake rice jars, and the brand claims…

Danone to acquire 49.9% stake in New Zealand’s dairy company

NEW ZEALAND – Danone, a French multinational food-products corporation, has signed a non-binding agreement to acquire a 49.9% stake in Yashili New Zealand Dairy Company, after its Danone Asia Pacific Holdings (DAPH) subsidiary agreed a memorandum of understanding with Yashili International. According to FoodBev, the exact terms of the proposed purchase have not been disclosed…

Danone and Nestle among bidders for 72% stake in GSK’s consumer business

INDIA - Multinational companies including France’s Danone, Hindustan Unilever and Nestle are competing with the American global investment firm, KKR & Co for a 72% stake in GlaxoSmithKline plc’s Indian consumer products business, GSK Consumer Healthcare for US$4 billion, reports ET Retail. The deal, considered to be the biggest in the Indian consumer industry has…

Parag Milk to buy Danone’s closed facility to serve northern India

INDIA - Parag MilkFoods on Thursday said it will acquire French food giant Danone’s Indian manufacturing facility for Rs 30 crore (US$4.53 million) The facility at Rai in Haryana’s Sonepat area produces curd, yogurt among other dairy productsand the acquisition is aimed at expanding Parag's presence in the northern part of the country. "North market contributes…

Danone reports its first-quarter results with 10.8% increase in sales

FRANCE - Danone, a French multinational food-products corporation has reported its first-quarter results with a 10.8% increase in sales to Euro 6,085 million (US$7,477 million) boosted by its strong performance in infant nutrition foods in China. The company reported a strong start to the year with an increase of 4.9% sales growth and very strong…

DanoneWave rebrands to Danone North America, receives B-Corp Certification

FRANCE - DanoneWave, a company merger between Danone and White Wave Foods, the American company for packaged food and beverages has been rebranded to Danone North America. Danone completed the acquisition of White Wave Foods for estimated US$12 billion cash in April last year, combining activities in North America to form DanoneWave. The company also…

Danone completes US$1.6bn sale of 14% stake in Yakult

FRANCE - Danone has announced that it has completed the US$1.6 billion sale of its 14% stake in the Japanese dairy manufacturer, Yakult after signing a MoU to strengthen probiotic collaboration. In an announcement it made on February 14 2018, Danone said it has sold 24,600,000 shares of Yakult Honsha Co. in a transaction that…

Danone sells its Saudi Arabian joint venture to Saudi agric firm for US$143m

SAUDI ARABIA - Danone has agreed to sell its Al Safi-Danone Co. Ltd, the Saudi Arabian joint venture formed between Danone and Al Faisaliah in 2000 to Saudi Arabia's National Agricultural Development Company (NADEC) for US$143m. According to the terms of the agreement, board members of Al Safi Danone (ASD) will hold approximately a 38.75%…

Danone-owned SToK Coffee unveils two new cold brew drinks

USA - SToK Coffee, US-based brewer of cold drinks has released two new offerings that is, Yerba Mate cold brew tea and Protein cold brew coffee to add to its variety of cold brews in multi-serve and single serve formats, Yerba Mate Cold Brew Tea offers 75% more caffeine for caffeine lovers, has less sugar…