Danone Acquires MADE Group for €300M

Danone has announced the acquisition of MADE Group, a fast-growing Australian company specializing in health-focused food products, in a deal valued at €300 million (approximately $324 million USD). This move aims to bolster Danone's presence in the Asia-Pacific (APAC) region's expanding healthy nutrition market. Additionally, Danone is securing the remaining 49% stake in its joint venture with Saputo Dairy Australia as part of its broader strategy.

MADE Group, based in Melbourne, has carved out a substantial niche in Australia, New Zealand, and Southeast Asia with its range of products, including high-protein ready-to-drink offerings and gut-health yoghurts. These products demonstrate a synergy with Danone's existing focus areas and follow rapidly growing consumer trends. With MADE Group's sales surpassing €300 million for the fiscal year ending June 2026, the acquisition is expected to be accretive to Danone’s operating margin and earnings per share from the first year following the transaction.

This acquisition aligns with Danone CEO Antoine de Saint-Affrique's Renew Strategy, focusing on both organic growth and targeted investments. MADE Group’s integration will allow Danone to capitalize on the latter's expertise in brand development and innovation within the health and nutrition sectors. The acquisition of the remaining stake in the joint venture with Saputo Dairy underscores Danone's commitment to strengthening its dairy sector footprint in Australia, with a continued emphasis on functional yoghurts.

The transaction occurs amid heightened global interest in health-focused nutrition, with consumers increasingly seeking products that cater to their wellness aspirations. For Danone, this acquisition marks an opportunity to expand its reach and capture more of the fast-growing market share in health-centric food categories across APAC. The inclusion of MADE's portfolio is expected to bolster Danone's competitive position against other key players in the region.

Both transactions are subject to customary closing conditions, including regulatory approvals, with completion anticipated in the second half of 2026. As the deals progress, Danone aims to leverage its expanded infrastructure and capabilities to drive further growth and innovation across the region, positioning itself as a leader in the health and nutrition sector.