Privately-owned French dairy giant Lactalis has entered into an agreement to acquire US organic dairy business Stonyfield from Danone for US$ 875m.
Etikett: stonyfield
China’s Yili lines up bid for Danone’s US yoghurt maker Stonyfield
China’s largest dairy company Yili Group said the other day it will bid “about $850m” for Stonyfield, the US organic yoghurt company owned by France’s Danone.
Yili had a turnover of $9.3bn in 2015, according to Rabobank, making it China’s largest dairy group, and the tenth largest in the world.