Lifeway Foods, a pioneer in kefir and probiotic products across the United States, made a definitive stand by rejecting a $283 million takeover bid from Danone, the French dairy behemoth. In a decisive and high-stakes move, Lifeway Foods’ board implemented a “poison pill” strategy to prevent an unwanted takeover, a response that has stirred the […]
Danone said that it will consider a possible sale among other strategic options for its organic dairy activity in the US, which includes the Horizon Organic and Wallaby businesses. The French food company said that the move is a further step in the review of its portfolio and asset rotation program, which it revealed last […]
French food company Danone has decided to begin a process of transferring the effective control of its essential dairy and plant-based business (EDP business) in Russia. According to Danone, the decision is appropriate for ensuring local business continuity in the long term for its employees, partners, and consumers. However, the transaction may end up in […]
French food company Danone said that it has launched the strategic sale of a stake of around 9.8% in China Mengniu Dairy Company through an accelerated bookbuilding process. Mengniu Dairy is a Chinese dairy manufacturer, which trades on the Hong Kong Stock Exchange. The transaction follows the announcement made by Danone in late February 2021, […]
Danone North America has launched a new range of high-protein dairy products, that are packaged in snackable cup and drinkable bottle forms, under the Oikos Pro brand in the US. According to the food company, Oikos Pro offers high-quality protein and calcium. Oikos Pro dairy cups are packed with 20 grams of protein per 5.3-ounce […]
French dairy giant Danone’s specialized nutrition division Nutricia has acquired Real Food Blends, a company that makes meals for people with feeding tubes. The financial terms of the deal were not disclosed. Real Food Blends was founded by a couple – Julie Bombacino and Tony Bombacino in 2012, who were inspired by their young tube-fed […]
French food company Danone has sold its remaining stake of 6.61% in Yakult Honsha, the maker of Japanese sweetened probiotic milk beverage Yakult, for JPY 58 billion (€470 million). Danone took up the sale to strengthen its balance sheet. Its collaboration with Yakult began through a 10-year partnership alliance that was signed in 2004. In […]
Danone said that it is investing €100 million in China for bolstering its specialized nutrition business in China besides broadening and deepening its variety of nutritional products and services that are customized to Chinese health requirements, traditions and tastes. The French dairy giant will use the investment for opening an open-science research center in Shanghai, […]