Danone Expands in Asia-Pacific by Acquiring Australia's Made Group

French multinational food firm Danone has announced its plan to acquire Australia's Made Group, a move to strengthen its presence in the high-protein foods sector within the Asia-Pacific region. The acquisition comes amidst a global increase in demand for high-protein products, driven largely by consumers using weight-loss medications who are looking to prevent muscle loss.

Made Group, known for its products such as Cocobella coconut water, yoghurt, and Rokeby protein smoothies, reported sales exceeding €300 million ($344 million) for the year ending June 2026. Juergen Esser, Danone's deputy CEO, noted the company is experiencing "very, very strong double-digit growth." He highlighted the increasing popularity of high-protein yoghurts in Australia and New Zealand, markets where Danone currently has limited presence but sees significant potential.

The financial terms of the acquisition remain undisclosed. This acquisition follows Danone's recent purchase of nutritional meals maker Huel in March and the acquisition of U.S.-based Kate Farms last year, indicating its strategic focus on healthier eating trends.

Danone's shares saw a slight decline of 0.46% as of 07:15 GMT, reflecting market reactions to recent strategic moves. The company emphasized that Made Group will significantly contribute to its essential dairy and plant-based (EDP) division in the Asia-Pacific region, enhancing its operating margin and earnings from the first year of acquisition.

Additionally, Danone plans to acquire the remaining 49% stake in its fresh dairy joint venture with Saputo Dairy Australia. This move aims to allow greater operational flexibility and integration between the businesses. Both the Made Group acquisition and the joint venture stake purchase are expected to be finalized in the second half of the year.