Danone – further 1% interest in Danone Saputo Dairy Australia

On 28 January 2026, the ACCC released its determination that the Acquisition may be put into effect: https://www.accc.gov.au/sites/www.accc.gov.au/files/public-merger-register/documents/Danone-DSDA%20…

Danone Asia Pte Ltd (Danone) proposes to acquire an additional 1% of the issued share capital in Danone Saputo Dairy Australia Pty Ltd (DSDA), a joint venture between Danone and Saputo Dairy Australia Pty Ltd (Saputo), by exercising a call option. Post-acquisition, Danone will have a 51% interest in DSDA.

Danone is a wholly-owned subsidiary of Danone S.A., a global food-products corporation headquartered in France that specialises in dairy products, plant-based foods, bottled water and specialised nutrition. In Australia, Danone’s business is primarily focused on the wholesale supply of specialised nutrition solutions, marketed under its Nutricia brand. It also has an international exports business into Australia for the wholesale supply of bottled water under its evian brand.

Saputo is a subsidiary of Saputo Inc., a global dairy company headquartered in Canada. In Australia, Saputo’s business is primarily focused on the production, marketing and distribution of dairy and non-dairy products under its Caboolture, Cheer, Cracker Barrel, Devondale, Great Ocean Road, Liddels, Mersey Valley, MG Ingredients, Mil Lel, Sheese, South Cape, Sungold and Tasmanian Heritage brands.

DSDA is a joint venture between Danone and Saputo established to manufacture and wholesale supply fresh dairy products in Australia. DSDA supplies fresh dairy products under brands such as Activia, Liddells, Ultimate and YoPro, as well as Aldi’s private label brands, Premiere and Yoguri.