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PARIS and LOS ANGELES, Feb. 18, 2021 /PRNewswire/ Leading global food and beverage company Danone and Earth Island
®, maker of Follow Your Heart brands and a pioneering leader in plant-based foods, today announced that they have entered into a share purchase agreement under which Danone will acquire 100% of the shares of Earth Island
®. With a proven track record of growth and innovation, and a long-term commitment to nutrition, sustainability and environmental stewardship, Earth Island
® represents a strong cultural fit with Danone and provides Danone with a unique opportunity to strengthen its plant-based business.
(PRNewsfoto/Danone)
Danone to Acquire Plant-Based Brand Follow Your Heart
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Danone Enters Share Purchase Agreement to Acquire Earth Island | Danone Enters Share Purchase Agreement to Acquire Earth IslandFinancial Buzz
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Just nine months into his tenure as CEO of Danone North America, Shane Grant is feeling good about the company s position.
Grant, who joined Danone in May after nearly two decades at Coca-Cola, said the maker of Activia yogurt and Silk plant-based milks has not yet tapped its huge potential as consumers gravitate toward better-for-you foods. We ve got a big runway ahead, he said. We are . in execution mode going after those growth opportunities we see.
To capture those markets, Danone has prioritized its expansion into faster-growing categories popular with consumers, including plant-based, probiotics and protein a move that has helped offset slower growth in its core dairy business.