Food Industry
Industry: Email Alert RSS FeedDANONE GROUP TO ACQUIRE 40% OF AMERICAN YOGHURT PRODUCER STONYFIELD FARM.(Brief Article)
Europe Agri, October, 2001
The French agri-food group Danone has announced the acquisition of a 40% stake in Stonyfield Farm, America's leading producer of organic yoghurt. Under the terms of the agreement between the two groups, financial details of which have not been revealed, Danone may take a majority stake in Stonyfield Farm in 2004, though the American company will continue to be led by its current Chairman, Gary Hirshberg.
Stonyfield Farm posts turnover of about USD85 million. The deal is being presented by both groups as a long-term partnership. Danone Chairman Franck Riboud has indicated in a statement that he hopes Stonyfield will strengthen the Danone group whilst maintaining its present culture and management team. He emphasises the importance of Stonyfield continuing to...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
