(CercleFinance.com) – As part of its asset rotation program announced in March 2022, Danone announces the signing of an agreement to sell its organic dairy products activities in the United States to the American investment company Platinum Equity.
In 2022, the activities in question, made up of the Horizon Organic and Wallaby brands, represented approximately 3% of Danone’s overall sales, and had a dilutive impact on the group’s organic sales growth and current operating margin.
The French agrifood group will retain an unconsolidated minority stake in the asset. Completion of the transfer is subject to the usual preconditions. The financial terms of the transaction are not specified.
‘This sale, once completed, will allow us to focus more on our portfolio of strong brands, centered around health and to reinvest in our priority growth segments,’ explains its CEO Antoine de Saint-Affrique.