Danone expands into protein with Med Group acquisition

French company Danone announced its acquisition of Australian company Med Gub for an undisclosed amount, aiming to strengthen and expand its operations in the dairy products sector across the Asia-Pacific region. It will also purchase the remaining 49% stake in its joint venture with Sabuto Dairy Australia to become the sole owner of the project. Med Gub boasts a strong product portfolio, including coconut water and protein drinks, and achieved sales exceeding €300 million in the fiscal year ending June 2026. Danone expects this acquisition to contribute to increased profits and operating margins starting from the first year. The two deals are anticipated to be completed in the second half of this year, subject to regulatory approvals.

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