M&A Deal Summary

Groupe Lactalis SA Acquires Stonyfield Farm

On July 3, 2017, Groupe Lactalis SA acquired food company Stonyfield Farm from Danone for 875M USD

Acquisition Highlights
  • This is Groupe Lactalis SA’s 4th transaction in the Food sector.
  • This is Groupe Lactalis SA’s 2nd largest (disclosed) transaction.
  • This is Groupe Lactalis SA’s 1st transaction in the United States.
  • This is Groupe Lactalis SA’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2017-07-03
Target Stonyfield Farm
Sector Food
Buyer(s) Groupe Lactalis SA
Sellers(s) Danone
Deal Type Divestiture
Deal Value 875M USD

Target

Stonyfield Farm

Manchester, New Hampshire, United States
Stonyfield Farm, Inc. is a producer and seller of organic yogurt products that includes smoothies, frozen and soy yogurts. Stonyfield Farm, Inc. was founded in 1983 and is based in Manchester, New Hampshire.

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Buyer(S) 1

Buyer

Groupe Lactalis SA

Laval, France
Category Company
Sector Food
Employees54,000
DESCRIPTION

Groupe Lactalis is globally the largest dairy player, employing more than 54,000 people and operating in 70 countries through 200 factories. Lactalis develops well-known international brands such as Président, Galbani and Parmalat

DEAL STATS #
Overall 4 of 6
Sector (Food) 4 of 6
Type (Divestiture) 1 of 2
State (New Hampshire) 1 of 1
Country (United States) 1 of 3
Year (2017) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 OMIRA Oberland-Milchverwertung

Ravensburg, Germany

OMIRA Oberland-Milchverwertung GmbH is a processor and supplier of dairy products. OMIRA Oberland-Milchverwertung GmbH is based in Ravensburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 siggi s

New York, New York, United States

The Icelandic Milk & Skyr Corp. is a manufacturer and supplier of yogurts. The Icelandic Milk & Skyr Corp. was established in 2005 and is based in New York City.

Buy -

Seller(S) 1

SELLER

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 11 of 14
Sector (Food) 6 of 8
Type (Divestiture) 11 of 14
State (New Hampshire) 1 of 1
Country (United States) 1 of 3
Year (2017) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Deva Nutrition

Nové Město nad Metují, Czech Republic

Deva Nutrition is a former Danone-owned high-quality facility producing baby fruit desserts and fruit drinks in glass jars and glass bottles possessing strong fresh fruit processing competencies and multiple bio and organic certifications. Deva Nutrition is based in Nové Město nad Metují, Czech Republic.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-11 Earthbound Farm

San Juan Bautista, California, United States

Earthbound Farm LLC is the largest producer of organic salads in the U.S. Earthbound Farm got its humble start more than 30 years ago, not many people were growing produce organically. It was often seen as inferior quality and relegated to hole-in-the-wall health food stores. And “salad” was iceberg lettuce.

Sell -
Mergr

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