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GIANT DAIRY DANONE ACQUIRES STAKE IN EAST AFRICA'S LARGEST PRODUCER
BrownfieldAgNews reports:

French dairy giant Danone is buying a 40% stake in East Africa's largest dairy company.

Brookside has 40% of Kenya's dairy market with sales of around $176 million in 2013. The company sells a variety of dairy products in Kenya, Uganda and Tanzania. It takes in milk from 140,000 farmers in the region.

This is Danone's third acquisition in Africa in the last two years. It bought a 49% share in West Africa's Fan Milk International and owns 67% of Morocco's top dairy company, Centrale Laitiere.

With China's economy slowing, companies see Africa with a growing middle class as the next great growth market.

Based in Paris, Danone has more than 190 production plants around the globe with sales exceeding 21 billion Euros ($28.4 billion). 60% of Danone's sales are in emerging countries. Brand names include DANNON and Activia yogurt products and Evian water.


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