The US-based leading private equity investment firm WM Partners has signed an agreement with Danone company to acquire Vega brand. Vega is a plant based nutritional products brand in the Canada and U.S.
WM Partners, investment focused on the health and wellness industry.
The sale of Vega is part of Danones continuous capital allocation optimization and of the strategic review of Danonesportfolio of brands, SKUs and assets.
The prominent deals and investments by Danone featured below:
May 2021: Danone has announced the sale of its approximately 9.8% stake in China Mengniu Dairy Company Limited for approximately USD 1.9 billion. China Mengniu Dairy Company is a manufacturing and distribution company of dairy products and ice cream.
Oct 2020: The leading food & dairy company Danone had finalized the sale of its 6.61% stake in Yakult Honsha Co. Ltd., for approximately $553 million.
July 2020: Danone announced investments to strengthen capabilities, support and commitment of its Specialized Nutrition business in China. The company announced to invest approximately $130 million to expand business in China.
January 202: AI Factory For AgriFood is the third class of the Microsoft AI Factory, after AI Factory for Green Energy and AI Factory for Health! The start-ups will be jointly supported by Microsoft and Danone, one of the world leadersin the agrifood sector, and will benefit from a 3-month acceleration period.
Danone is a leading global food & beverage company, headquartered in Paris, France. Danone focused on three businesses categories: Essential Dairy & Plant-based products, Waters and Specialized Nutrition. Danone has more than 100,000 employees and its products are sold in over 120 markets globally.