Danone will acquire Australia’s MADE Group and take full control of its dairy venture, boosting its healthy nutrition business across APAC.
Danone has agreed to acquire Australian health food company MADE Group and buy out its remaining stake in a fresh dairy joint venture with Saputo Dairy Australia, strengthening its position in the fast-growing healthy nutrition market across Asia Pacific.
The transactions, announced today and expected to complete in the second half of 2026, will add a business generating more than €300m in annual sales to Danone’s portfolio. The company said the acquisition will enhance operating margins and earnings per share from the first year.
Today marks another step in the execution of our Renew Strategy. With its strong portfolio of brands and healthy nutritional products, focusing on gut health and protein, MADE shows an impressive track record of rapid and profitable growth. We share the same belief in health through food and are excited to welcome them into the Danone family.”
Antoine de Saint-Affrique, Chief Executive Officer of Danone
Melbourne-based MADE has built a portfolio centred on high-growth health and wellness categories, including high-protein ready-to-drink products, gut-health yoghurts and coconut-based foods. The company operates across Australia, New Zealand and Southeast Asia and has delivered consistent double-digit growth in recent years.
Alongside the MADE acquisition, Danone will acquire the remaining 49 percent stake in its Australian fresh dairy joint venture with Saputo Dairy Australia. The move gives the company full control of a business that markets functional yoghurt brands including YoPRO, Activia and Ultimate.
Danone doubles down on healthy nutrition
The acquisitions continue a period of dealmaking for Danone as it targets growth in health and nutrition categories. Earlier this year, the company signed a deal involving Huel, following its acquisitions of biotics specialist Akkermansia and specialised nutrition company Kate Farms in 2025.
“Today marks another step in the execution of our Renew Strategy. With its strong portfolio of brands and healthy nutritional products, focusing on gut health and protein, MADE shows an impressive track record of rapid and profitable growth. We share the same belief in health through food and are excited to welcome them into the Danone family,” said Antoine de Saint-Affrique, Chief Executive Officer of Danone.
“To further enhance our operational flexibility, we are also acquiring the remaining stake in our Australian fresh dairy joint venture. This is another example of our Renew strategy at work: combining a strong focus on organic growth with targeted investments that further enhance our ability to meet demand for healthy nutrition.”
The deals form part of Danone’s strategy to expand its health-focused food portfolio through targeted acquisitions while growing its existing brands. The company said MADE would become a significant contributor to its Essential Dairy and Plant-Based business in Asia Pacific.
Amanda Butler, Chief Executive Officer of MADE Group, added: “Today marks an exciting next chapter for MADE. Led by our mantra of ‘making healthy happy’, we are proud to have built a portfolio of trusted brands and innovative products that consistently deliver better on nutrition, taste and quality.
”Danone shares our commitment to health and a passion for innovation, and we are excited about what comes next. Together we will access new infrastructure, capabilities and R&D expertise to accelerate our growth across the region.”
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