Danone announced that it entered into two definitive agreements to expand its presence in the fast-growing healthy nutrition market across the Asia-Pacific region.
The first agreement covers Danone’s acquisition of MADE Group, an Australia-based food and beverage company with a health-focused portfolio. The second agreement covers Danone’s acquisition of the remaining 49% stake in its existing fresh dairy joint venture with Saputo Dairy Australia.
MADE has a portfolio of brands aligned with high-growth consumer trends, including high-protein ready-to-drink products, gut-health yogurts, and coconut-based products. The Melbourne-based company also has a proven track record of innovation, strong marketing capabilities, and a comprehensive route to market and supply chain.
MADE has a significant presence in Australia, along with operations across New Zealand and Southeast Asia. The company has consistently delivered double-digit growth and attractive margins. With sales of more than €300 million for the fiscal year ending June 2026, MADE would become a meaningful contributor to Danone’s Essential Dairy & Plant-Based business in APAC.
Danone said the MADE acquisition is expected to be accretive to its operating margin and earnings per share from the first year.
Complementing the MADE acquisition, Danone also plans to acquire the remaining 49% stake in its Australian fresh dairy joint venture with Saputo Dairy Australia. Through the partnership, Danone has established a solid presence in the functional yogurt segment in Australia, supported by the YoPRO, Activia, and Ultimate brands.
Both transactions are subject to customary closing conditions, including regulatory approvals, and are expected to be completed in the second half of 2026.
Danone said the transactions support its Renew strategy by combining organic growth with targeted investments that strengthen its ability to meet demand for healthy nutrition.
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“Today marks another step in the execution of our Renew Strategy. With its strong portfolio of brands and healthy nutritional products, focusing on gut health and protein, MADE shows an impressive track record of rapid and profitable growth. We share the same belief in health through food and are excited to welcome them into the Danone family. To further enhance our operational flexibility, we are also acquiring the remaining stake in our Australian fresh dairy joint venture. This is another example of our Renew strategy at work: combining a strong focus on organic growth with targeted investments that further enhance our ability to meet demand for healthy nutrition.”
Antoine de Saint-Affrique, CEO of Danone
“Today marks an exciting next chapter for MADE. Led by our mantra of ‘making healthy happy,’ we are proud to have built a portfolio of trusted brands and innovative products that consistently deliver better on nutrition, taste and quality. Danone shares our commitment to health and a passion for innovation, and we are excited about what comes next. Together we will access new infrastructure, capabilities and R&D expertise to accelerate our growth across the region. We are proud of what the team has built, and excited about what comes next.”
Amanda Butler, CEO of MADE Group