M&A Deal Summary

Danone and Clover Acquire Danone Southern Africa

On May 29, 2000, Danone and Clover acquired food company Danone Southern Africa

Acquisition Highlights
  • This is Danone’s 2nd and Clover’s 1st transaction in the Food sector.
  • This is Danone’s 1st and Clover’s 1st transaction in South Africa.

M&A Deal Summary

Date 2000-05-29
Target Danone Southern Africa
Sector Food
Buyer(s) Danone
Clover
Deal Type Joint Venture

Target

Danone Southern Africa

Roodepoort, South Africa
Danone Southern Africa (Proprietary) Ltd. produces fresh dairy products and desserts.

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Buyer(S) 2

Buyer

Danone

Paris, France

Category Company
Founded 1899
Sector Food
Employees88,843
Revenue 27.6B EUR (2023)
DESCRIPTION

Danone is a food & beverage company built on four businesses: Essential Dairy and Plant-Based Products, Waters, Early Life Nutrition, and Medical Nutrition. Danone was founded in 1899 and is based in Paris, France.


DEAL STATS #
Overall 2 of 39
Sector (Food) 2 of 24
Type (Joint Venture) 1 of 2
Country (South Africa) 1 of 2
Year (2000) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-09 Danone - Liebig

France

Liebig soups are packaged in shelf-stable cartons, the fastest growing segment of the French soup market. This state-of-the-art packaging, popular throughout France in food categories such as milk, sauces and juices.

Sell $170M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-16 Naya Waters

Montreal, Quebec, Canada

Naya Waters is a bottled water company in canada specializing in the production of natural spring water and spring-water based drinks with a focus on environmental sustainability. Naya Waters is based in Montreal, Quebec.

Buy -
Buyer

Clover

Roodepoort, South Africa

Category Company
Founded 1898
Sector Food
DESCRIPTION

Clover manufactures and markets food products to customers with a presence throughout Southern Africa. Clover was founded in 1898 and is based in Roodepoort, South Africa.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Joint Venture) 1 of 1
Country (South Africa) 1 of 1
Year (2000) 1 of 1