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…

Danone unveils US$25m upgrade and expansion of its New Zealand plant

NEW ZEALAND - French food group Danone unveiled a US$25 million upgrade and expansion of its Auckland infant formula blending, processing and packaging plant, effectively doubling its production capacity. The upgrade cements New Zealand as a critical, strategic supply point for local and regional markets, Danone said. Cyril Marniquet, New Zealand operations director for Danone…

Yakult Danone improves probiotic range with new ‘Yakult light’ drink

INDIA - Yakult Danone has launched a new formulation of its probiotic drink, Yakult light to expand its probiotic range, produced under a joint venture between Yakult Honsha and Danone. The company revealed that the new light range contains less sugar with same Yakult’s probiotic culture, Lactobacillus casei and is sold under Yakult trademark in…

Danone reduces Yakult stake to 7%, signs MoU to strengthen probiotic collaboration

FRANCE - French food and dairy conglomerate Danone has signed an amended Memorandum of Understanding with Japanese dairy player Yakult to strengthen their initial collaboration to promote and develop probiotics, while reducing its stake in the company to 7%. The MoU, says Danone, will facilitate intensified activities with the probiotic beverages company for the project, where…