Danone To Sell US Brands Including Wallaby to Platinum Equity

Danone has signed an agreement to sell its Horizon Organic and Wallaby businesses in the US to investment firm Platinum Equity, according to a press statement.

• Danone will retain a non-consolidated minority stake in the business
• No deal terms were disclosed
• Closing of the transaction is subject to customary conditions
• Sale is part of Danone’s portfolio review and asset rotation program announced in March 2022
• NOTE: Jan. 2023, Danone Puts Lagging US Brands Including Wallaby Up for Sale

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Nurin Sofia in Singapore at nsofia@bloomberg.net ...