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Tag "Danone"

Danone and B Lab to cooperate

    Danone and B Lab to cooperate

Danone and B Lab have announced an open source cooperation agreement that aims to accelerate the process for large, publicly listed multinationals to become certified as B Corps.
B Lab is a global non-profit organisation that sets and raises business standards to inspire and guide corporations to act as a force for good in the world, […]

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Danone doubles baby milk production capacity in Netherlands

    Danone doubles baby milk production capacity in Netherlands

Danone announced that it is investing €240 million to build a new plant for its Early Life Nutrition business.
With this investment, Danone will capitalize on strong and growing demand for its international early life nutrition brands, including Aptamil and Nutrilon, for both standard and specialized products.
The state-of-the-art facility will be built in Cuijk in the Netherlands, and will start […]

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Danone Expands in Morocco With €550 Million Acquisition

    Danone Expands in Morocco With €550 Million Acquisition

Danone is paying Eur550 million to increase its stake from 29.2% to 67% in Moroccan dairy company Centrale Laitiere. Danone has held its 29.2% shareholding since 2001.
Centrale Laitiere is Morocco’s leading dairy products company with nearly 60% of the market. It has sales of around Eur600 million in a fast-growing market and operates the country’s […]

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Nestle to Acquire Pfizer Infant Nutrition Business

    Nestle to Acquire Pfizer Infant Nutrition Business

Pharmaceutical giant Pfizer is reported to be close to selling its $1.9 billion annual turnover infant nutrition business to Nestle for between $9 billion and $10 billion. With roughly 80% of its sales generated in high growth emerging markets and 60% in Asia, Pfizer’s infant nutrition business is an attractive acquisition target for the other […]

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Danone Joins the Development of 100% Bio-sourced PEF Bottles

    Danone Joins the Development of 100% Bio-sourced PEF Bottles

Danone Research and Avantium have entered into a joint development agreement for the development of PEF bottles for Danone, the world’s second biggest bottled water business. The agreement forms another cornerstone of Avantium’s commercialisation strategy to further co-develop the YXY technology for producing PEF bottles. The agreement with Danone marks the second major partnership for […]

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Emerging Markets Drive Danone

    Emerging Markets Drive Danone

Strong growth in emerging markets helped Danone to increase like-for-like sales by 7.8% to Eur19.32 billion and improve its trading operating margin by 20 bps to 14.72% in 2011. The organic sales growth reflects a 3.0% increase in sales volume and a 4.8% increase due to price/mix effect. Trading operating income rose 9.2% on a […]

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Attractive But Unbalanced Outlook For Global Dairy Market

    Attractive But Unbalanced Outlook For Global Dairy Market

The global dairy market will offer strong growth prospects in the coming five years, but the uneven spread of this market expansion and an era of elevated pricing will create as many challenges as opportunities for key players along the dairy supply chain. This is one of the key conclusions coming from the Rabobank Food […]

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Danone to Invest €6 Million to Expand French Water Site

    Danone to Invest €6 Million to Expand French Water Site

Danone is to invest Eur6.2 million to expand capacity at its bottled water production plant at Salvetat in France. Part of the expenditure will be used to drill for new water sources, with Eur1 million a year allocated for this purpose.
 
Danone also plans to construct a new 5,000 sq m warehouse to store 3 million […]

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Danone Enters Indian Infant Nutrition Market With €250 Million Deal

    Danone Enters Indian Infant Nutrition Market With €250 Million Deal

Danone is entering the baby nutrition and medical nutrition markets in India. The French food and beverage group has agreed to acquire Wockhardt Group’s nutrition business and brands as well as its related industrial operations from Carol Info Service, located in Punjab, India, for Eur250 million.
 
The strong brand awareness of Wockhardt’s Dexolac, Farex and Nusobee […]

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Danone’s €250 Million Indian Acquisition

    Danone’s €250 Million Indian Acquisition

Danone is acquiring Wockhardt Group’s nutrition business for Eur250m to enter the baby nutrition and medical nutrition markets in India. Danone is purchasing Wockhardt’s nutrition business and brands as well as its related industrial operations from Carol Info Service, based inPunjab, India.
 
The strong brand awareness of Wockhardt’s Dexolac, Farex and Nusobee baby nutrition products and […]

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Strong First Half Sales Growth at Danone

    Strong First Half Sales Growth at Danone

Reflecting solid performances across all its business categories and geographical regions, Danone increased consolidated sales by16.3% to Eur9.73b in the first half of 2011 and trading operating income by 6.9% on a like-for-like basis to Eur1.39b. Danone has confirmed its full year targets for 2011.
 
Excluding the impact of changes in exchange rates and the integration […]

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Lactalis Makes €3.4 Billion Move on Parmalat

    Lactalis Makes €3.4 Billion Move on Parmalat

French dairy group Lactalis, which already owns 29% of Parmalat, has made a Eur3.38b offer for the remaining shares in the Italian food group. The move is sure to raise opposition in Italian political circles where Parmalat is viewed as a national asset and is the country’s biggest listed food company.
Lactalis is the world’s largest […]

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Astarta and Danone Form Joint Venture in Ukraine

Astarta, the biggest producer of sugar and industrial milk in Ukraine, has entered a joint venture for the production and processing of milk with Danone, the world leader in dairy products, waters and baby nutrition.
Astarta’s high level of vertical integration in industrial cattle farming, own forage supply, as well as accumulated experience of industrial livestock […]

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Strong 2010 Performance by Danone Gives Confidence for 2011

    Strong 2010 Performance by Danone Gives Confidence for 2011

With all of its divisions and regions posting gains, global food and beverages group Danone achieved a 14.2% rise in underlying net income to Eur1.67b on sales ahead by 13.5% to Eur17.01b for 2010. Excluding the impact of changes in exchange rates (+6.0%) and acquisitions, total sales were up 6.9%. This organic growth reflects a […]

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Danone Calls For Changes to EFSA’s Handling of Health Claims

    Danone Calls For Changes to EFSA’s Handling of Health Claims

Danone has again called on the European Food Safety Authority (EFSA) to amend its evaluation processes and clarify the criteria used for the assessments of scientific evidence relating to the health claims of specific food products. The French dairy group is responding to a recent rejection by EFSA of the link between the consumption of […]

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Danone to Invest €50 Million to Expand Irish Baby Food Plant

    Danone to Invest €50 Million to Expand Irish Baby Food Plant

Danone Baby Nutrition plans to invest Eur50m to significantly expand capacity at its baby food manufacturing plant at Macroom in Ireland. A subsidiary of French food and beverages group Danone, Danone Baby Nutrition manufactures specialised infant and toddler milks.
Construction is due to commence in February 2011 with the new facilities coming on stream at the […]

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Danone and Unimilk Finalise Merger

    Danone and Unimilk Finalise Merger

Danone and Unimilk have completed the merger of their fresh dairy products businesses in Russia and other CIS member countries. The new entity, controlled by Danone with a 58% equity interest and in which former shareholders of Unimilk own 42%, is the new leader for dairy products in the CIS area. Russia is now Danone’s […]

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Danone Continues US Dairy Expansion

    Danone Continues US Dairy Expansion

Danone is acquiring YoCream, the leading producer of frozen yoghurt in the United States, for $103m. The deal will enable Danone to move into frozen yoghurt, a fast growing segment in the US. It will also gain access to an away-from-home distribution network, in addition to its existing channels.
The move reflects Danone’s strategy for expansion […]

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Danone Completes Russian Dairy Deal

    Danone Completes Russian Dairy Deal

Danone has finalised the sale of its 18.4% stake in Wimm Bill Dann Foods, the Russian dairy and food group for $470m. Danone has held the stake since Wimm Bill Dann Foods’ IPO in 2002.
The closing of the transaction was subject to the grant of the required regulatory approvals for the merger of Danone’s fresh […]

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Coca-Cola Retains Position as World’s Most Valuable Brand

    Coca-Cola Retains Position as World’s Most Valuable Brand

Coca-Cola has retained its leadership of Interbrand’s 11th annual ranking of the ‘Best Global Brands’ beating off competition from the likes of IBM, Microsoft and Google. This is the eleventh consecutive year that Coca-Cola has earned the distinction of being the world’s most valuable brand. Coca-Cola was valued by Interbrand at $70.45b, up 2% on […]

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Danone Purchases French Smoothie Maker

Danone has acquired Immedia, the third largest smoothie manufacturer in France, for an undisclosed sum. Immedia generated sales of Eur4m last year.

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Danone to Dispose of Stake in Wimm-Bill-Dann Foods

    Danone to Dispose of Stake in Wimm-Bill-Dann Foods

Danone has agreed to sell its 18.4% stake in Wimm-Bill-Dann Foods to the Russian food group for a total consideration of $470m. The agreement follows the recent announcement of the joint-venture between Danone and Unimilk in the CIS region. The deal is conditional upon Danone receiving the necessary regulatory approvals for the merger of its […]

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Danone Strengthens Probiotic Business

  Danone Strengthens Probiotic Business

Danone has signed exclusive 10 years licence agreements with Probi, providing the French food and beverage giant with exclusive rights to use the Swedish probiotic research company’s Lp299 technology in probiotic fruit drinks and fruit juices for gut health outside North America. Danone is also acquiring a 51% stake in the ProViva probiotic digestive health […]

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Danone to Sell Stake in Chinese Juice Business For €200m

  Danone to Sell Stake in Chinese Juice Business For €200m

Danone has agreed to sell its 22.98% shareholding in China Huiyuan Juice Group, which is listed on the Hong Kong Stock Exchange, for about Eur200m to SAIF Partners, a Hong-Kong-based private equity firm. Huiyuan holds a leading position in the fruit juice market in China.
The disposal is in line with Danone’s strategy to focus the […]

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Steady Volume and Sales Growth at Danone

  Steady Volume and Sales Growth at Danone

French food and beverage giant Danone has reported an 11.2% increase in consolidated sales to Eur8.35b in the first half of 2010 and a 7% rise on a like-for-like basis. The like-for-like sales growth was driven by a 9.8% jump in volume and a 2.8% decline in value. Trading operating income increased by 2% on […]

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Danone and Unimilk to Create Leading Dairy Business in Russia and the CIS

Global food giant Danone is to merge its fresh dairy products business in the CIS area with Unimilk, Russia’s second largest manufacturer of dairy products and baby food. Established in 2002, Unimilk operates 28 production plants in Russia, Ukraine and Belarus and has 14,000 employees. Unimilk’s sales in 2009 amounted to Eur1b (up 7% on […]

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