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Danone Ramps Up Asia-Pacific Expansion with Made Group, Saputo Dairy Australia Deals

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Danone Ramps Up Asia-Pacific Expansion with Made Group, Saputo Dairy Australia Deals

Danone (BN.PA) said Monday it seeks to bolster its presence in the Asia-Pacific region through the planned purchase of the Made Group and the buyout of the remaining stake in its fresh dairy joint venture with Saputo Dairy Australia.

The French food group did not disclose the terms of the deals, but the Australian Financial Review reported on Sunday that private equity firm TPG Capital sold the Australian food and beverage company Made Group to Danone for almost AU$2 billion.

Danone highlighted that the acquisition is anticipated to be accretive to both its operating margin and EPS from year one. The company added that the Made Group generated over 300 million euros in sales in fiscal 2026, with consistent double-digit growth and "attractive margins."

Coinciding with the Made Group purchase, Danone plans to take full control of its Australian fresh dairy joint venture by buying Saputo Dairy Australia's 49% stake, saying the partnership enabled the company to build a "solid presence" in functional yogurts in the Australian market.

Both transactions are expected to be finalized in the second half, pending standard closing conditions and regulatory approvals.

"Today marks another step in the execution of our Renew Strategy. With its strong portfolio of brands and healthy nutritional products, focusing on gut health and protein, MADE shows an impressive track record of rapid and profitable growth," Danone Chief Executive Officer Antoine de Saint-Affrique said. "To further enhance our operational flexibility, we are also acquiring the remaining stake in our Australian fresh dairy joint venture."

Danone's Paris-listed stock was marginally down by Monday midday trade.

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