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PLATINUM EQUITY TO ACQUIRE HORIZON ORGANIC AND WALLABY FROM DANONE

Retrieved on: 
Tuesday, January 2, 2024
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LOS ANGELES, Jan. 1, 2024 /PRNewswire/ -- Platinum Equity today announced the signing of a definitive agreement to acquire Horizon Organic and Wallaby from Danone.

Key Points: 
  • LOS ANGELES, Jan. 1, 2024 /PRNewswire/ -- Platinum Equity today announced the signing of a definitive agreement to acquire Horizon Organic and Wallaby from Danone.
  • The proposed acquisition also includes the Wallaby brand, an Australian-inspired Greek-style yogurt made with organic milk and premium ingredients.
  • "Horizon Organic is an iconic name in dairy that is well recognized and beloved by consumers," said Platinum Equity Co-President Louis Samson.
  • "Premium offerings, including organic and value-added products, are driving the growth in the dairy milk category," said Platinum Equity Managing Director Adam Cooper.