PARIS (dpa-AFX) - French diary giant Danone SA (DANOY.PK) has reached an agreement to acquire a 40% interest in Brookside Dairy Ltd.'s holding company. This partnership, which is effective from today, would significantly enhance the platform Danone is currently building in Africa.
By unifying Danone's international expertise in Fresh Dairy Products with Brookside's regional expertise and robust supply chain, this partnership would enable Brookside's growth acceleration by extending its product portfolio and strengthening its geographical presence in key markets in the East African region, including Uganda and Tanzania.
East Africa's dairy player Brookside was established in Kenya in 1993. With revenues of around 130 million euros in 2013, Brookside operates a unique distribution platform enabling a daily access to over 200,000 outlets. It manages the largest milk collection network in East Africa, with 140,000 farmers in the region.
Copyright RTT News/dpa-AFX