Danone to acquire Australian health food group MADE
Danone also takes full control of local fresh dairy joint venture
9 July 2026
1 minute read
By: Danone has agreed to acquire MADE Group, an Australian health-focused food company with annual sales of more than €300 million, as part of a broader push to expand its presence in the Asia-Pacific region, the French food group announced in late June.
Melbourne-based MADE has a portfolio of brands spanning high-protein ready-to-drink products, gut-health yoghurts and coconut-based products, with a presence in Australia, New Zealand and Southeast Asia. The company has consistently delivered double-digit growth and attractive margins.
Danone said the acquisition would be earnings-accretive from the first year and would represent a meaningful contributor to its everyday dairy and plant-based business in the region.
Separately, Danone also announced it will acquire the remaining 49% stake in its fresh dairy joint venture with Saputo Dairy Australia, giving it full ownership of a business built around the YoPRO, Activia and Ultimate yoghurt brands.
Both transactions are subject to regulatory approvals and are expected to close in the second half of 2026.
"With its strong portfolio of brands and healthy nutritional products, focusing on gut health and protein, MADE shows an impressive track record of rapid and profitable growth," said Antoine de Saint-Affrique, chief executive of Danone.
"Together we will access new infrastructure, capabilities and R&D expertise to accelerate our growth across the region," said Amanda Butler, chief executive of MADE Group.
