Paris, France July 3, 2017 Danone has entered into an agreement with Lactalis for the sale of Stonyfield, one of its american subsidiaries of the fresh dairy products, for a purchase price of us $ 875 billion, representing 20 times its gross operating surplus in 2016. Stonyfield has generated a turnover of about $ 370 million in 2016. This transfer is provided for by the agreement concluded on march 31, 2017 with the us competition authorities (Department of Justice) in the context of the recent acquisition of WhiteWave by Danone.
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The completion of the disposal is subject to certain conditions precedent usual, including the final approval by the Department of Justice, and is expected to occur during the third quarter of this year.
About Danone (www.danone.com)
With the mission of bringing health through food to the largest number, Danone is among the global leaders in power and is based on four sectors : Dairy Products and Vegetable Origin, Infant Nutrition, Waters and Medical Nutrition. Through the dual economic and social project, and its mission, the company aims to build a healthier future, through better health, better lives and a better world, for all of its stakeholders : its more than 100 000 employees, consumers, customers, suppliers, shareholders and all the communities with which it interacts. With products present in over 130 markets, Danone has achieved in 2016 a turnover of almost 22 billion euros. Danone owns a portfolio of international brands (Activia, Actimel, Alpro, Danette, Danonino, Danio, evian, Volvic, Nutrilon/Aptamil, Nutricia) and local (Aqua, Blédina, Cow & Gate, Bonafont, Horizon Organic, Mizone, Oikos, Prostokvashino, Silk, Vega). Listed on Euronext Paris and on the OTCQX through a program of ADR (American Depositary Receipt), Danone is classified in the main indexes of social responsibility : Dow Jones Sustainability Index, Vigeo, the Ethibel Sustainability index, the MSCI Global Sustainability, MSCI Global SRI indexes and the FTSE4Good.
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