DANOY - Danone's Strategic Move: Sells U.S. Organic Dairy To Focus On Core Health Brands | Benzinga
Danone SA (OTC: DANOY) disclosed the agreement to sell its premium organic dairy activity in the U.S. to Platinum Equity, a U.S.-based investment firm, for an undisclosed amount.
In 2022, the U.S. premium organic dairy activity (including Horizon Organic and Wallaby businesses) accounted for about 3% of global revenues and had a dilutive impact on its' like-for-like sales growth and recurring operating margin.
The divestiture is part of Danone's ...