India: Parag Milk Foods to purchase Danone plant
Parag Milk Foods, a dairy firm based in Maharashtra, India, is to acquire a manufacturing plant formerly owned by French dairy giant Danone with an investment of 30 crore INR ($4.5 million). The plant, located in Rai near Delhi, became available following Danone’s decision to exit the dairy sector in India and refocus its business in […]
France: Danone invests $18.3 million in New Zealand site
French dairy multinational Danone is making a $18.3 million upgrade to its New Zealand infant formula factory, according to a report in Foodbev. The investment will reportedly double production capacity at the Danone facility in Auckland, allowing the firm to export greater quantities of infant nutrition products. The move is part of a wider Danone […]
Japan: Danone to sell Yakult stake
French dairy multinational Danone has announced that it has decided to sell the majority of the stake it owns in probiotic dairy drink firm Yakult as it “enters a new phase in its strategic partnership” with the Japanese firm. According to reports, Danone will sell its 21.29% stake for around $1.9 billion, before participating in […]
UK: Danone launches skyr yoghurt
French dairy multinational Danone has expanded its Light & Free range of yoghurts in the UK with launch of two new skyr products, available in portion pots and promoted as low in sugar. The Icelandic-style range comes in Blueberry Blast and Raspberry Razzle varieties, both available in single-serve 150g tubs. The yoghurts are described as featuring […]
USA: Danone invests in Kona Deep
France-based dairy and drinks multinational Danone has invested in Kona Deep, a Hawaiian ocean bottled water that is claimed to be naturally rich in electrolytes. The company has taken a minority stake in the firm via its venture arm Danone Manifesto Ventures, participating in Kona Deep’s $5.5 million financing round, which includes Grand Crossing Capital and other […]
USA: DanoneWave to invest $60 million in Virginia facility
DanoneWave, the business unit of dairy and drinks giant Danone in the USA, has announced it is to invest $60 million in a plant-based beverage facility in Virginia. The company will add production capacity and will expand the warehouse at the Mt Crawford facility, generating 46 new jobs. DanoneWave was formed following the acquisition of […]
France: Danone takes stake in baby food start up Yooji
French multinational Danone has announced an investment in organic frozen baby food start up Yooji, through its investment arm Danone Manifesto Ventures. Founded in September 2012, Yooji is said to be aiming to revolutionise baby food by providing frozen portion-sized products that are sourced from organic farms. The firm’s range is claimed to respond to a growing […]
USA: Danone to sell Stonyfield as part of White Wave deal
France-based dairy and drinks multinational Danone will sell off its organic yoghurt business Stonyfield to facilitate the $10.4 billion acquisition of organic food producer WhiteWave Foods, according to a report in FoodBev The move to sell Stonyfield came after US anti-trust authorities are believed to have raised concerns about Danone’s future share of the organic […]
USA: Nestle, Danone and Origin Materials team up
Worldwide water bottling company Nestle Waters has teamed up with dairy and drinks multinational Danone and California-based startup Origin Materials to form the Natur’ALL Bottle Alliance to develop a PET bottle made from bio-based, 100% sustainable and renewable resources. According to Nestle Waters: “the project uses biomass feedstocks, such as previously used cardboard and sawdust, […]
India: Danone launches health drink Protinex Grow
Danone, the France-based dairy and drinks multinational, has recently expanded into the health drinks segment in India, with the launch of Protein Grow, a drink developed for teens. According to The Economic Times, Protinex is a nutritional supplement made with hydrolised proteins that is able to satisfy the nutritional needs of both adults and children. […]