Danone Acquires Made Group in Australia to Accelerate Protein Focus

Made Group, a Portfolio Aligned with Healthy Nutrition

Made Group has a portfolio of established brands in the healthy nutrition segments, including protein drinks, gut health yogurts, and coconut-based products. Based in Melbourne, the company combines product innovation and marketing capabilities, with full market access and an integrated supply chain. It has a significant presence in Australia, New Zealand, and Southeast Asia.

The group has shown double-digit growth and attractive margins. For the fiscal year ending in June 2026, Made Group records an annual turnover of more than 300 million euros. This acquisition would significantly strengthen Danone's specialized nutrition and products (EDP) activity in the region.

An Accretive Operation from the First Year

Danone indicates that the acquisition of Made Group would be accretive from the first year for its operating margin and for net earnings per share (EPS). The operation is subject to obtaining the necessary regulatory approvals and is expected to be finalized during the second half of 2026.

Simultaneously, Danone acquires the remaining 49% stake in its fresh dairy products joint venture in Australia, initially developed with Saputo Dairy Australia. This partnership has enabled the group to establish a strong presence in the functional yogurt segment with three brands: YoPRO, Activia, and Ultimate.

Strengthening the Renew Strategy

Antoine de Saint-Affrique, CEO of Danone, stated that these acquisitions mark 'a new step in the implementation of our Renew strategy', combining organic growth and targeted investments. Amanda Butler, CEO of Made Group, indicated that the integration would offer 'new infrastructure, new capabilities, and enhanced R&D expertise' to support development in the region.