Danone to acquire MADE Group and full control of Australian fresh dairy joint venture

Danone··Read original
3▲1 ▼0Impact / 5
Summary · why it matters

Danone has entered into two definitive agreements to expand its presence in the fast-growing healthy nutrition space in Asia Pacific. The company will acquire MADE Group, a fast-growing Australia-based company with a health-focused portfolio and sales of more than €300 million for the fiscal year ending June 2026, and will also acquire the remaining 49% stake in its existing fresh dairy joint venture with Saputo Dairy Australia. MADE has a significant presence in Australia, New Zealand, and Southeast Asia, with a portfolio including high-protein ready-to-drink products, gut-health yoghurts, and coconut-based products. The deal is expected to be accretive to Danone's operating margin and EPS from year one, with both transactions subject to customary closing conditions and expected to complete in the second half of 2026.

Impact on assets 1

Consumer Staples▲ · 1 stocks
Danone SA
BN
▲ PositiveCapitalrelevance

Danone acquires MADE Group and full control of JV, expected to be accretive to operating margin and EPS from year one.

Off-coverage companies 2

Made GroupPrivate▲ Positive
Capitalrelevance

MADE Group is being acquired by Danone, implying a premium for shareholders.

Saputo Dairy AustraliaPrivate± Mixed
Capitalrelevance

Saputo Dairy Australia sells its 49% stake in the JV to Danone; impact unclear without further details.