Danone targets protein growth with acquisition of Australia's MADE Group
Danone Expands Dairy Business in Asia-Pacific with Strategic Acquisitions
Overview of the Acquisition
PARIS, June 22 (Reuters) - French food giant Danone said on Monday it will acquire Australian company MADE Group for an undisclosed amount, strengthening its dairy business in the Asia-Pacific region.
Joint Venture Developments
In a statement, Danone added it would also purchase the remaining 49% stake in its fresh dairy joint venture with Saputo Dairy Australia.
Recent Acquisition Activity
Expansion Through Key Purchases
The latest move follows Danone's planned purchase of nutritional meals maker Huel announced in March and the acquisition of U.S.-based Kate Farms last year.
About MADE Group
Product Portfolio and Financial Performance
MADE Group, which produces Cocobella coconut water and yoghurt as well as Rokeby protein smoothies, generated sales of more than €300 million ($343.65 million) in the year to June 2026.
Impact on Danone's Business
Contribution to Essential Dairy and Plant-Based Division
Danone said the business will be a "meaningful contributor" to its essential dairy and plant-based (EDP) division in Asia-Pacific, boosting its operating margin and earnings per share from the first year.
Deal Closure and Financial Details
Expected Timeline
The deals are expected to close in the second half, subject to customary conditions.
Currency Exchange Rate
($1 = 0.8730 euros)
Reporting Credits
(Reporting by Abu Sultan in Bengaluru and Dominique Patton in Paris; Editing by Mrigank Dhaniwala and Sherry Jacob-Phillips )
