Danone is acquiring the California-based Kate Farms, an organic manufacturer of formulas and shakes for everyday and specialized medical needs. Terms of the acquisition were not disclosed.
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Danone is acquiring the California-based Kate Farms, an organic manufacturer of formulas and shakes for everyday and specialized medical needs. Terms of the acquisition were not disclosed.
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The proposal to buy the organic kefir producer for $25 a share comes as Lifeway’s leadership remains embroiled in a bitter family dispute and the manufacturer faces shareholder calls to sell itself.
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Danone has acquired Functional Formularies, a whole food, shelf-stable, organic feeding tube formula company, from Swander Pace Capital.
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Terms of the agreement were not disclosed, but Danone will retain a minority stake once the transaction is completed.
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The Aptamil owner has signed a letter of intent with Else Nutrition, a start-up making formula for babies and kids from almonds, buckwheat and tapioca.
Read Article Finding a buyer will be no easy feat.
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U.S. Representatives Chellie Pingree (D-ME), along with her colleagues Peter Welch (D-VT), Ann McLane Kuster (D-NH) and Jared Golden (D-ME), wrote a letter to the CEOs of Danone and Danone North America, urging them to fulfill their earlier commitment to support organic dairy farms in the Northeast. To date, there has been no evidence of the promised co-investment in impacted communities.
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“The effect on the farms that had their contract canceled was traumatic and devastating, not only to them but to the regional community,” said Ed Maltby, executive director of the Northeast Organic Dairy Producers Alliance.
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Danone has agreed to give more time to the 89 small organic farmers whose contracts were recently cut.
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The complaint to B Lab, which oversees the B Corporation certification, outlines the violations Danone has made against the B Corp Declaration of Interdependence.
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In a move to cut costs, Danone recently ended the contracts of 89 small organic dairy farms in the Northeast, serving a devastating blow to these farmers and their communities. Fortunately, Stonyfield Organic has stepped in — by inviting some of the impacted farmers to join its network and launching a task force to help save them all. Huge thanks to co-founder Gary Hirshberg, CEO Esteve Torrens and everyone at Stonyfield Organic.
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With Danone citing growing transportation and operational challenges in the industry, this decision will cause immeasurable harm to organic dairy farmers and their communities throughout New England and New York.
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Huge congrats to founders Justin Guilbert and Douglas Riboud, and to current CEO Ben Mand, who is doing a masterful job. Justin and Douglas have another hit on their hands with Goodfish.
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Hälsa has taken an investment from Danone Manifesto Ventures, the venture arm of Danone, as well as former Stonyfield Organic CEO Gary Hirshberg and Orgain CEO Andrew Abraham.
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Danone Manifesto Ventures has invested in Forager Project, an innovative producer of organic, plant-based foods and beverages.
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Dubbed ‘Farming for Generations, the coalition intends to make the global dairy industry more sustainable by helping dairy farmers transition to regenerative agriculture practices.
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It has been reported that Danone is not having an easy time finding a buyer for Earthbound Farms, something that should not go unnoticed by our industry.
Read Article At an Investor Seminar in London, the world’s biggest yogurt maker said that it expects to triple the size of the plant-based business to $5.75 billion by 2025.
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In a quest to grow its organic food business, French retailing giant Carrefour has named Danone CEO Emmanuel Faber to a special advisory committee.
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Danone Manifesto Ventures is planning to have invested in 20-25 food startups by 2020, with a focus on healthy drinks, snacks, baby food and alternative protein sources.
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Danone North America has become the largest B Corp company in the world and plans to do much more in the area of environmentally-friendly practices.
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In a $30M round led by Danone Manifesto Ventures, Mousse Partners and AccelFoods, Harmless Harvest will use the funds to continue its growth and to have a positive social impact on the Thai communities from where it sources its coconuts.
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In its goal to reduce carbon emissions and to increase transparency for consumers, Danone has partnered with the French government to support regenerative agriculture.
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As its fourth investment within the last year, Danone has taken an equity stake in Yooji, a French organic baby food company.
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