A PYMNTS Company

France/US: Dairy merger plans under wraps since March

By  |  October 21, 2014

France-based dairy firm Danone and US infant formula conglomerate Mead Johnson Nutrition Company have reportedly been in merger discussions since March, unnamed sources say.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The two companies declined to comment on the matter, but reports say China is particularly concerned over a potential deal. According to reports, if the acquisition moves forward, China’s infant formula and dairy industries will be dominated by just three conglomerates.

    Reports say Danone is looking to move outside the EU and has eyed several potential acquisitions in China and Africa. A deal with Mead Johnson could reach up to $4.3 billion, say reports.

    Full content: Want China Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.