Private equity firm to purchase Horizon Organic, Wallaby from Danone
Platinum Equity is acquiring the Horizon Organic and Wallaby businesses from Danone SA, Paris. Terms of the agreement were not disclosed.
Danone announced in January 2023 it was exploring strategic options for both businesses. The company will retain a minority stake in them once the transaction is completed.
Horizon Organic is a USDA-certified organic dairy brand with a product line that includes milk, creamers, whiteners, yogurt, cheese and butter. Wallaby is a manufacturer of Australian-inspired Greek yogurt.
“Horizon Organic is an iconic name in dairy that is well recognized and beloved by consumers,” said Louis Samson, co-president of Platinum Equity. “The brand has earned a reputation for quality and innovation that is unmatched in the industry. We appreciate Danone’s confidence in our ability to build on that legacy and support Horizon Organic’s growth as a standalone company.”
Adam Cooper, managing director of the private equity company, added that premium products, including organic and value-added items, are driving growth in the dairy category.
Other food businesses currently in Platinum Equity’s portfolio include Biscuit International, a European manufacturer of private label sweet biscuits, wine producer Fantini Group Vini, and seafood provider Iberconsa. Previous investments include JM Swank, a food ingredients distributor, and Harvest Meat Company, a US distributor of packaged meat and bakery products.
Related news
A Hungarian specialist became Danone’s Eastern and Central European sales manager
From this July, Enikő Bolyós organizes and manages the company’s…
Read more >Italian cured meat business Trinità acquired by local investor
Fondo Italiano d’Investimento said it will aim to consolidate Trinità’s…
Read more >Target kicks off back-to-school season with emphasis on value
A diszkontóriás július második hetében indította el iskolakezdési kampányát, amelyben…
Read more >Related news
A Hungarian specialist became Danone’s Eastern and Central European sales manager
From this July, Enikő Bolyós organizes and manages the company’s…
Read more >Recent research: almost half of Hungarians do not use sun protection cream, and moreover, they do not avoid the sun in the midday hours either
According to a recent, representative research, only 8 percent of…
Read more >The GVH fined Booking almost HUF 400 million with a record fine
Booking did not fully fulfill its obligations requiring the termination…
Read more >