FDBusiness.com

Danone Sells Stonyfield to Lactalis For $875 Million

 Breaking News
  • Heineken Opens First Brewery in Mozambique Heineken has officially opened its first brewery in Mozambique. The new brewery, incorporating the latest technologies, represents a US$100 million (€85 million) investment. Located in the province of Maputo, between the Marracuene and Manhiça districts, the brewery will have a production capacity of 0.8 million hectolitres. It recently started to brew Txilar, a brand-new beer [...]...
  • Müller Targets UK Natural Yogurt Market Müller, the UK’s most popular yogurt brand[1], has launched its first ever range of natural yogurt. Made with milk from British farms, the natural range is fat free, high in protein and includes 0% added sugar. With the launch of Müllerlight Natural and Müllerlight Greek Style Natural, the Official Yogurt of British Athletics[2] is continuing to target [...]...
  • AAK’s Flaked Fats to Deliver the Perfect Pizza Experience AAK is ready to help manufacturers create pizzas with an innovative range of flaked fats that enhance crust quality, taste and texture, as well as offering easy handling during the production process. Crust type, quality and mouthfeel are a big part of what consumers are looking for when choosing pizza.1 AAK’s flaked fats are a [...]...
  • Global Cocoa Production to Hit a Record 4.85 Million Tonnes in 2019 Informa’s Agribusiness Intelligence, the leading provider of news, data, analysis and forecasts across the agricultural and commodities value chain, has revealed cocoa production will hit a record high of 4.85 million tonnes in 2019. Despite uncertain times for the cocoa market, an increase in global cocoa production is almost certain this year with West African [...]...
  • Jameson Enters the Top 10 Premium Spirits Brands in the World List Jameson Irish whiskey, which is produced by Irish Distillers at Midleton Distillery in Cork, has entered the top 10 of IMPACT magazine’s annual ‘Top 100 Premium Spirits Brands Worldwide’ list for the first time ever, after increasing sales 10% to a record 7.5 million nine-litre cases in 2018. In addition, Jameson scored its 18th consecutive year [...]...

Danone Sells Stonyfield to Lactalis For $875 Million

Danone Sells Stonyfield to Lactalis For $875 Million
July 04
12:13 2017

Danone has agreed to sell Stonyfield, its organic yogurt business in the US, to Group Lactalis, the French dairy and international giant, for $875 million. The purchase price represents 20 times Stonyfield’s EBITDA in 2016. Stonyfield generated approximately $370 million in turnover in 2016. The company sells 100,000 tonnes of product annually, the majority of which is produced at its facility in Londonderry, New Hampshire.

“As the leader in organic dairy in France for over 20 years, the acquisition strengthens our group’s position in this rapidly growing category,” comments Emmanuel Besnier, president of Group Lactalis.

The disposal of Stonyfield is part of the agreement reached on March 31st, 2017 with the US Department of Justice in connection with Danone’s recently closed $12.5 billion acquisition of WhiteWave, a global leader in organic foods. The transaction is conditioned upon approval by the US Department of Justice, and is expected to conclude in the third quarter.

Danone and WhiteWave are combining their activities in North America to operate as a strategic business unit, named ‘DanoneWave’.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements