PARIS: Danone SA announced Monday it has agreed to acquire Australian health-food company MADE Group and buy out the remaining stake in its Australian dairy joint venture, expanding its footprint in the fast-growing Asia-Pacific nutrition market.
The French food giant said it will acquire MADE, a Melbourne-based company with a portfolio that includes high-protein drinks, gut-health yogurts and coconut-based products. The company reported more than €300 million ($337 million) in sales for the fiscal year ending June 2026.
Danone also said it will acquire the remaining 49% stake in its fresh dairy joint venture with Saputo Dairy Australia, giving it full ownership of a business built around the YoPRO, Activia and Ultimate yogurt brands.
The transactions, which are subject to regulatory approvals and other customary closing conditions, are expected to be completed in the second half of 2026.
MADE, founded in 2005, has a presence in Australia, New Zealand and Southeast Asia and has delivered double-digit growth with attractive margins, Danone said. The acquisition is expected to be accretive to Danone’s operating margin and earnings per share from the first year.
“Today marks another step in the execution of our Renew Strategy,” Danone CEO Antoine de Saint-Affrique said in a statement. “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.”
MADE CEO Amanda Butler called the deal “an exciting next chapter” for the company, which operates under the mantra “making healthy happy.”
“Together we will access new infrastructure, capabilities and R&D expertise to accelerate our growth across the region,” Butler said.
Danone, which generated €27.3 billion in sales in 2025, operates in more than 120 markets with about 90,000 employees. The company achieved B Corp certification globally in 2025.
