Danone sells brands to private equity firm

Danone has announced the sale of its Horizon Organic and Wallaby brands to private equity firm Platinum Equity.

Horizon Organic is the largest USDA-certified organic dairy brand in the world and has a portfolio of organic dairy products, including milk, creamers and whiteners, yoghurt, cheese, and butter. The Wallaby brand is an Australian-inspired Greek-style yogurt made with organic milk and premium ingredients.

Louis Samson, Co-President of Platinum Equity, said Horizon Organic is an iconic name in dairy that is well recognised and beloved by consumers.

“The brand has earned a reputation for quality and innovation that is unmatched in the industry. We appreciate Danone’s confidence in our ability to build on that legacy and support Horizon Organic’s growth as a standalone company.”

Adam Cooper, Managing Director of Platinum Equity, said premium offerings, including organic and value-added products, are driving the growth in the dairy milk category.

“We are excited about Horizon Organic’s potential as an independent business with a renewed sense of focus and a commitment to investing in its success.

“We have a lot of experience supporting food and beverage businesses. We look forward to partnering with Horizon Organic’s management team to ensure a seamless transition and chart a path for continued growth and expansion.”

The proposed acquisition of Horizon Organic and Wallaby is subject to customary closing conditions and regulatory approval.

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