Home / Business and Economy / Danone Acquires MADE Group, Expands in Australia
Danone Acquires MADE Group, Expands in Australia
22 Jun
Summary
- Danone has announced its acquisition of Australian food and beverage company MADE Group.
- The company is also acquiring the remaining 49% stake in a joint venture with Saputo.
- Financial details of the MADE Group acquisition have not been disclosed by Danone.
French food giant Danone has announced a significant expansion in Australia through the acquisition of MADE Group, a prominent local food and beverage company. This strategic move was disclosed on Monday. Financial terms for the acquisition of MADE Group were not revealed by Danone at the time of the announcement.
In addition to the MADE Group purchase, Danone is also finalizing the acquisition of the remaining 49% ownership in its existing joint venture focused on fresh dairy products with Saputo Dairy Australia. This dual action underscores Danone's commitment to strengthening its market position within Australia.
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