July 21, 2014

Danone acquires 40% stake in East Africa's dairy company Brookside

Danone is set to acquire a 40% interest in Brookside's holding company, East Africa's leading dairy products group with 2013 revenue of about €130 million (US$175.94 million).

The company manages the largest milk collection network in East Africa, with 140,000 farmers in the region. Established in Kenya in 1993, Brookside operates a unique distribution platform enabling a daily access to over 200,000 outlets.

By uniting Danone's international expertise in Fresh Dairy Products with Brookside's regional expertise and robust supply chain, the partnership will enable Brookside's growth acceleration by expanding its product portfolio and strengthening its geographical presence in key markets in the East African region, including Uganda and Tanzania.

This partnership will significantly enhance the platform Danone is currently building in Africa.