By Colin Kellaher

 

French food group Danone SA on Thursday said it plans to explore strategic options for its U.S. organic dairy operations, including a potential sale.

Danone said the business, which includes its Horizon Organic and Wallaby brands, accounted for roughly 3% of its global revenue last year.

Danone, which posted sales of 20.7 billion euros ($22.5 billion) for the first nine months of 2022, said the move is part of the portfolio review an asset-rotation program, dubbed "Renew Danone," that it launched in March.

Danone acquired Horizon and Wallaby when it paid more than $10 billion to buy Whitewave Foods in 2017.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

January 26, 2023 14:04 ET (19:04 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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