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Danone to Divest Horizon Organic U.S. Business

 01/30/2023

Following replacement of Emmanuel Faber by the new CEO, Antoine de Saint-Affrique, Danone undertook an extensive review of their product portfolio.  The Company has determined that the U.S. organic dairy business is non-profitable and “dilutive to sales growth”.  Accordingly, the sale of Horizon Organic and Wallaby Dairy Products, representing three percent of global revenues, will be sold.