Fan Milk Plc to establish dairy farm and training institute in Nigeria as part of backward integration program

NIGERIA – Fan Milk Plc, Nigerian subsidiary of multinational food-products corporation Danone, has inked a partnership agreement with the government of Ogun state to undertake a backward integration project to enhance local dairy production. The signing ceremony was undertaken on 28th January 2020, with the attendance of the French Ambasador to Nigeria His Excelency Mr Jerome Pasquier, the Regional Economic Counsellor Pascal Furth the Regional Agricultural Counsellor Sonia Darracq Managing Director Fan Milk Plc Ferdinand MOUKO, Plant Director Fan Milk Plc Olasunkanmi Olumuyi The initiative is in line with the…

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Danone to power its Spanish production plants with 100% renewable energy

SPAIN – Danone España, a subsidiary of French multinational food-products corporation Danone S.A., has signed a long-term power purchase agreement (PPA) with Iberdrola, a Spanish multinational electric utility company. The agreement reinforces Danone’s zero net emissions commitment for 2050 and Iberdola’s strategy for renewable project developments in Spain. Paolo Tafuri, general manager of Danone Iberia, added: “This initiative will help us turn our ambitious environmental commitments into reality – goals that form part of our global strategy and affect our entire value chain.” As part of the agreement, Iberdrola will…

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Danone to build new organic infant milk production facility to meet growing demand

FRANCE – Danone has announced plans to invest €25 million (US$29.66m) in building a new organic infant milk production facility, which will be located in the Hauts-de-France region of the country, to meet growing demand from French consumers for organic products. In addition, Danone has announced that it will support 30 to 40 milk producers in the transition to organic. The company has been expanding its organic milk offerings globally. In 2019, Danone North America launched Horizon Organic Growing Years, a new whole milk created specifically for children aged one…

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Danone’s Nutricia acquires specialised meals provider Real Food Blends

NETHERLANDS – Nutricia, a part of the Danone group that specialises in therapeutic food and clinical nutrition, has announced its acquisition of specialised meals provider Real Food Blends. Real Food Blends is the only company that focuses solely on real-food products in the more than US$1 billion U.S. tube-feeding market.  Nutricia has been committed to transforming lives through the power of nutrition for more than 120 years.  With brands such as Neocate, Phenylade, Pro-Stat and KetoCal, Nutricia positively impacts the health and lives of thousands of infants, children, and adults (and…

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Danone’s Karicare brand becomes first milk formula brand in New Zealand to commit to carbon neutrality

NEW ZEALAND – European multinational food company, Danone has announced that its New Zealand milk formula brand, Karicare will achieve carbon neutrality at each stage of the product lifecycle by 2030. Karicare joins other Danone brands such as Horizon Organic, evian and Volvic, which have or will become carbon neutral as it seeks to become a zero-net carbon company by 2050. According to the company, Karicare’s journey to carbon neutrality is greatly aided by its production in New Zealand, a country well-known for its efforts to reduce greenhouse gas emissions,…

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Danone divests its remaining 6.61% stake in probiotic yogurt maker Yakult Honsha

JAPAN – Danone has announced its plans to sell its remaining 6.61% stake in Yakult Japanese probiotic yogurt maker Yakult Honsha, 16 years since it first collaborated with it, in a move that will strengthen the French food group’s balance sheet. According to Bloomberg the stake is estimated by analysts to be worth about ¥60 billion (US$570 million). Danone is still Yakult’s largest shareholder and has launched the sale via an accelerated bookbuilding process. The announcement comes two years after Danone divested around two-thirds of its stake in Yakult for…

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Danone partners with PepsiCo to be distributor of Evian natural spring water in Canada

CANADA – PepsiCo and Danone have entered a long-term agreement which will make PepsiCo Beverages Canada to be the exclusive distributor Evian natural spring water in Canada. The exclusive alliance was made between PepsiCo’s division, PepsiCo Beverages Canada, and Danone Waters of America, the US and Canadian importer and distributor of bottled water brand Evian. As part of the agreement, as of 1 January 2021, PepsiCo Beverages Canada will sell, distribute and merchandise Evian across Canada. “We are thrilled about this new partnership with PepsiCo Beverages Canada”, said Danone Waters…

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Alpro unveils sustainability action plan, invests US$35m in two production sites

GLOBAL – Alpro, a Danone subsidiary, has unveiled a new five-year health and sustainability action plan, as well as plans to invest €30 million (US$35.32m) in two of its production sites. The objectives laid out by the company, which is celebrating 40 years since its foundation, encompass measures to limit water use, reduce environmental impact and provide consumers with greater transparency. “The diets we have adopted are no longer sustainable for the planet, so we have to change the way we look at food production and consumption,” said Alpro general…

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Danone’s Nigerian operating unit Fan Milk initiates backward integration program to boost dairy industry

NIGERIA – Fan Milk Plc, Nigerian subsidiary of multinational food-products corporation Danone, has partnered with the government of Ogun state to undertake a backward integration project to enhance local dairy production. The initiative is in line with the Central Bank of Nigeria (CBN) policy to discourage the importation of dairy products like milk, yogurt, cheese and other milk derivatives of which the country spends about US$1.5 billion annually. Under the project Fan Milk intends to develop a world-class dairy farm and technical institute at the Odeda Farm Institute, bringing the…

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Childhood food allergy prevention company clinches US$3m in series B funding round led by Danone

USA – Ready, Set, Food!, a leader in childhood food allergy prevention based in USA, has raised US$3 million in a second funding round led by Danone Manifesto Ventures, the corporate venture arm of multinational food company Danone, investor and entrepreneur Mark Cuban, and AF Ventures (formerly AccelFoods). The investment will enable Ready, Set, Food! to continue its work to help prevent 200,000 babies every year from developing severe food allergies to peanut, egg, and milk. Founded in 2017, Ready, Set, Food! was developed by a team of world-class physicians…

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