Mergers & Acquisitions

In connection with the closing, Saputo received net proceeds of approximately $543 million (US$400 million) and retains a 20% ownership interest in the business.

The acquisition strengthens Nestlé’s nutrition portfolio while positioning Yfood for international growth beyond Europe through expanded distribution and infrastructure.

Financial terms of the deal have not yet been disclosed at the time of publishing.

Arla Foods and DMK Group have cleared regulatory hurdles for a €20bn merger that will unite 11,200 farmers into Europe’s largest dairy cooperative.

Danone has been a shareholder of Lifeway for more than two decades and has tried to acquire the kefir maker multiple times.