Danone signs agreement to acquire YoCream

  • November 29, 2010
  • Josette Dunn

Danone has signed an agreement to acquire YoCream, the leading producer of frozen yogurt in the United States, for US$103 million.
The transaction will enable Danone to move into frozen yogurt, a fast growing segment in the US. It will also gain access to an away-from-home distribution network, in addition to its existing channels.

The move reflects Danone’s strategy for expansion of the fresh dairy products market in the US, in particular by extending the times and places where its products are consumed.

YoCream is based in Portland, Oregon, and its 2010 net sales are estimated at approximately US$58 million.
The acquisition is subject to usual conditions for this type of transaction and is expected to be closed by the end of 2010.

About YoCreamYoCream International Inc. is a world leader in the frozen yogurt industry. Since 1977, YoCream has pioneered the innovation, production and marketing of frozen yogurt in the US. The Company operates a state-of-the-art production facility in Portland, Oregon, to manufacture its “true” frozen yogurt, which contains real yogurt that is fermented and cultured on site daily.


Tags:

Bookmarks

  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Furl
  • Netvouz
  • NewsVine
  • Reddit
  • Fark
  • Propeller
  • Slashdot
  • StumbleUpon
  • Technorati

Reader Comments

Australian Food News reserves the right to edit or not publish comments of a potentially offensive or defamatory nature. Comments will not be published if name and email address has not been provided (name and email will be withheld if requested).

The opinions expressed below are those of Australian Food News readers and do not necessarily reflect those of Australian Food News.