Danone to buy protein and fiber food maker Huel [Yahoo! Finance]
DANONE S/ADR (DANOY)
NASDAQ:AMEX Investor Relations:
danone.com/en/for-you/investors/investor-center/investor-relations-contacts
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Source: Yahoo! Finance
Dive Brief: Danone is buying Huel , a maker of ready-to-drink meals and high-protein products, the company announced Monday. The Oikos maker did not disclose the price, but The Wall Street Journal estimated the deal is worth nearly $1.2 billion. Danone touted Huel's “best-in-class” digital execution, direct-to-consumer business and a consumer base in the U.K., Europe and the U.S. The transaction is subject to customary closing conditions, including regulatory approval. Danone brands , including low-sugar Too Good and protein-rich Oikos, have been big winners among consumers looking to eat healthier and those on GLP-1s for weight loss. The deal for Huel expands Danone's portfolio of functional and complete nutrition offerings. Dive Insight: Danone's purchase of Huel further positions the yogurt giant's portfolio to cater to consumers looking for better-for-you foods and specific nutrients that advance performance or health goals. “Most people don't get enough protein, fibr
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News
- Danone's Huel Deal Shows Big Food Wants a Piece of the Protein Future [Yahoo! Finance]Yahoo! Finance
- Danone buys meal supplement maker Huel [Yahoo! Finance]Yahoo! Finance
- Huel founder to make £400m from sale to Evian water owner [Yahoo! Finance]Yahoo! Finance
- Danone to buy protein shake maker Huel as health nutrition craze drives demand shift [MSNBC.com]MSNBC.com
- Danone to buy protein shake maker Huel as health nutrition craze drives demand shift [CNBC]CNBC