Full Investment Portfolio: Goodwill : 38.73% Brands : 13.67% Other intangible assets : 0.75% Property, plant and equipment : 14.53% Investments in associates : 4.64% Investments in other non-consolidated companies : 0.27% Long-term loans and long-term financial assets : 0.73% Derivatives – assets : 0.58% Deferred taxes : 1.81% Inventories : 4.20% Trade receivables : 6.66% Other current assets : 2.32% Short-term loans : 0.03% Short-term investments : 9.36% Cash and cash equivalents : 1.63% Assets held for sale : 0.09% Founded in 1919, Danone is a corporate firm based in France. The firm provides food products mainly focusing essential dairy and plant-based products, early life nutrition, medical nutrition and waters.

Cecile Cabanis


Caroline Cannard

Investor Relations Business Analyst

Tommaso Cigoli

Director of Investor Relations

Emmanuel Faber

Chairman of the Board and CEO

Dymphna Hawksley

Investor Relations Office Manager

Regis Massuyeau

VP Finance, Head of Company Controlling and Performance Managment

Romain Richemont

Director, Investor Relations

24 past transactions

Murray Goulburn Dairy (Qingdao) Co., Ltd.

Merger/Acquisition in 2020
Murray Goulburn Dairy (Qingdao) Co., Ltd. produces infant nutrition and milk formula products under the NatraStart brand which are marketed and distributed throughout China. Murray Goulburn Dairy (Qingdao) Co., Ltd. is based in Qingdao, China. As of June 30, 2020, Murray Goulburn Dairy (Qingdao) Co., Ltd. operates as a subsidiary of Danone S.A.

Wockhardt - Nutritional Business

Acquisition in 2011
Wockhardt - Nutritional Business supplies India's nutritional market with dietary supplements.

Follow Your Heart

Acquisition in 2021
Follow Your Heart is a market & cafe based in Southern California, as well as a line of plant-based foods.

Naya Waters, Inc.

Acquisition in 2000
Naya Waters, Inc. provides bottled spring water. we promote a healthy lifestyle. Our planet deserves all our attention to stay healthy. Our business philosophy is to provide exceptional quality spring water while minimizing our environmental footprint, especially with the creation of bottles made from 100% recycled plastic. We are eager to reduce our ecological footprint and dare to dream, to produce one day a packaging that will leave no trace, and that why not have a positive impact on our environment.

Centrale Danone SA

Acquisition in 2012
Centrale Danone SA is a French food company. Centrale Danone is the main producer of fresh dairy products, thanks to a network of over 113,000 dairy dairy partners, a diversified range of leading products in their categories, distribution throughout the country. more than 60,000 outlets, and a dynamic strategy to develop the fresh dairy market.


Venture Round in 2017
Yooji offers delicious meals in frozen portions for babies. Their recipes are prepared with organic ingredients or sustainable peaches, no additives, no added salt, no gluten. Thanks to a gentle cooking and fast freezing, the nutritional qualities and tastes are preserved. Regulate baby and help him grow well? A child's play with their small pebbles easy to dose.

Nurture, Inc.

Merger/Acquisition in 2017
Nurture, Inc., doing business as HAPPYFAMILY, produces and supplies organic foods for growing babies, toddlers, and kids. The company offers cereals, wafers, solids, combos, yogurt, meals, meals, bellies, munchies, puffs, non-dairy snacks, and yogis for babies; and nutrition shakes, fiber and protein products, organic toddler milk, coconut products, yogurt, munchies, puffs, non-dairy snacks, meal bowls, yogis, and other products for tots. It also provides nutrition shakes, yogurt, and snacks for kids and grownups, as well as organic vegetables in pouches. The company offers its products through independent natural foods markets and retailers, as well as various online stores. It also offers its products online. The company was founded in 2006 and is based in New York, New York. As of May 13, 2013, Nurture, Inc. operates as a subsidiary of Danone.

Aqua Group

Acquisition in 2001
Aqua Group is a privately held company that manufactures bottled water.

Avantium N.V.

Series G in 2014
Avantium is a leading technology company specialized in advanced high-throughput R&D for applications in the energy, chemicals and pharmaceutical industries. The company's headquarters and laboratories are located in Amsterdam, in the Netherlands. Avantium's proprietary high-throughput technology enables a faster and more cost-effective development of new and improved products and production processes. Using its unique rational approach towards the design of experiments and data analysis, Avantium is capable of accomplishing innovations with superior success rate. Avantium has demonstrated the validity and commercial viability of its technology by successfully providing research services and tools to more than 70 companies worldwide, including many industry leaders. The company's mission is to increase the success rate and economics of product and process development. Building on its expertise and track record in the energy, chemicals and pharmaceutical industries, Avantium focuses on developing products in two fields: new biofuels and bio-based chemicals, and new crystal forms of marketed drugs under patent. Avantium's strategy is to progress its development programs and exploit the commercial value of its expanding patent portfolio by securing value-adding partnerships during the coming years. Avantium seeks continuous expansion of its profitable services and tools business. Avantium has assembled a team of highly educated professionals who are experts in catalysis, crystallography, organic chemistry, engineering of robotic systems, process engineering, statistics, cheminformatics and software development. Its teams collaborate closely with partner R&D organizations.

Happy Family

Acquisition in 2013
Launched on Mother’s Day 2006, and founded and operated by moms, Happy Family is a leading premium organic food brand delivering optimal nutrition for the entire family. In 2011, founder and CEO Shazi Visram earned the title of Ernst & Young’s Entrepreneur of the Year for New York. Happy Family has been named as one of the fastest growing organic food companies in the nation by Inc. magazine for two years running, and was named “Rockstar of the New Economy” by Fast Company in 2012.

Danon Rossiya, AO

Merger/Acquisition in 2016
Danon Rossiya, Ao produces dairy products, including milk. It also offers water, baby food, medical nutrition products, juices, and other beverages. The company was founded in 2002 and is based in Moscow, Russian Federation. It has dairy production plants in the Russian Federation and Ukraine. Danon Rossiya, Ao operates as a subsidiary of Danone.

Sparkling Spring Water Group

Acquisition in 2002
Sparkling Spring Water Group has operate in the bottled water industry. The company’s primary focus is to sell purified water. It is therefore active in the bottling and delivery of high quality drinking water in three-gallon, five-gallon and six-gallon bottles to homes and offices.

Fan Milk International A/S

Merger/Acquisition in 2016
Fan Milk International A/S produces and sells frozen dairy products, juice, and juice drinks.


Acquisition in 2007
CJSC EDELWEISS-M produces milk and milk products.

YoCream International, Inc.

Acquisition in 2010
YoCream International, Inc. produces, markets, and sells frozen yogurts, desserts, and beverages.


Merger/Acquisition in 2015
DANONE, SA produces dairy products. The company's product includes yogurts, yogurt-style cheeses, and desserts. The company was founded in 1919 and is based in Barcelona, Spain. DANONE, SA operates as a subsidiary of Danone.

The YoCrunch Company LLC

Acquisition in 2013
The YoCrunch Company LLC produces yogurt.

Origin Materials

Post in 2021
Sustainable materials

WhiteWave Foods

Acquisition in 2016
The WhiteWave Foods Company engages in the manufacture, marketing, distribution, and sale of plant-based foods and beverages, coffee creamers and beverages, and dairy products in North America and Europe.

Danone Hombourg Recolte Nv

Merger/Acquisition in 2018
Danone Hombourg Recolte Nv purchases and distributes milk from dairy farms. The company was founded in 1996 and is based in Rotselaar, Belgium. Danone Hombourg Recolte Nv operates as a subsidiary of Danone SA.
Halayeb Co For Dairy Products and Juice S.A.E. engages in the production, sale, and export of dairy products in Egypt. The company offers white soft cheese, fresh labana and cream, processed cheese, hard cheese, and juices. It exports its products to the United States, Canada, Europe, and Gulf area. The company was founded in 1910 and is based in Damietta, Egypt with branches in Cairo, Ismailia, Tanta, and Alexandria. As of February 18, 2016, Halayeb Co For Dairy Products and Juice S.A.E. operates as a subsidiary of Danone.

China Modern Dairy Holdings Ltd.

Merger/Acquisition in 2017
China Modern Dairy Holdings Ltd., an investment holding company, produces and sells milk in Mainland China. It produces and sells raw milk to customers for processing into dairy products; and liquid milk products. The company is also involved in breeding dairy cows; selling feeds; and producing fodder. As of December 31, 2019, it operated 26 farms. The company was founded in 2005 and is headquartered in Maanshan, the People’s Republic of China. China Modern Dairy Holdings Ltd. operates as a subsidiary of China Mengniu Dairy Company Limited.

Royal Numico N.V.

Acquisition in 2007
Royal Numico N.V. devoted solely to the manufacture and distribution of nutritional products.


Series C in 2019
Epigamia is a premium all-natural Greek yogurt that encourages a healthy lifestyle one cup at a time. Launched in June 2015, they are focused on traditional dairy.