Horizon Organic, Wallaby businesses on the block

PARIS — Danone is seeking to divest its organic dairy business in the United States, which consists of the Horizon Organic and Wallaby brands. The businesses feature a portfolio of fluid milks, creamers, yogurts, cheese and butter and make up approximately 3% of Danone’s global sales.

“Both Horizon Organic and Wallaby are strong, much-loved brands with compelling growth opportunities,” said Antoine de Saint-Affrique, chief executive officer. “That said, seen through the lens of our renew strategy that requires us to stay disciplined in how we allocate our resources, they fall outside our priority growth areas of focus.

“We are confident that exploring strategic options for these brands will enable them to get the focus and resources they need and therefore allow them to maximize their potential and unlock further growth.”

Danone implemented a review of its entire product portfolio in March 2022. Management said it expected the “portfolio rotation” to reach about 10% of sales.

“We will actively manage our portfolio through a mix of selected disposal and bolt-on acquisitions,” Mr. de Saint-Affrique said in March.

Danone acquired both the Horizon Organic and Wallaby businesses in 2017 as part of its acquisition of WhiteWave Foods.