French dairy giant Danone said Monday that it would buy the Australian-based food and drink group Made as demand for high-protein and probiotic health offerings soars.
Financial details were not disclosed but a source close to the deal said Danone would pay around one billion euros ($1.1 billion).
Made had sales of more than 300 million euros in its fiscal year to June 2026, Danone said, adding that the acquisition would increase its operating margins from the first year.
It said Made “combines a proven track record in innovation with best-in-class marketing capabilities” for brands that include Cocobella coconut water and yogurts, Rokeby protein smoothies and NutrientWater that it bills as the “Chuck Norris of nutrients” in a nod to the action movie star.
Danone also said it would buy the 49 percent stake in a joint venture with Saputo Dairy Australia that it doesn’t own for an undisclosed amount.
“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,” Danone’s chief executive Antoine de Saint-Affrique said in a statement.
