Danone to acquire Made Group from TPG in deal reported near A$2 billion

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Danone has agreed to buy Australian health and wellness beverage company Made Group from TPG, with the Australian Financial Review reporting a price near A$2 billion, or $1.4 billion, against more than €300 million of fiscal 2026 sales. The acquisition strengthens Danone's presence in Australia, New Zealand, and Southeast Asia, adding high-protein and gut-health brands like Cocobella coconut water and Rokeby protein shakes that align with GLP-1 and better-for-you demand trends. Danone also announced it is buying out the remaining 49% of its Saputo Dairy Australia joint venture, giving it full control of regional manufacturing. Both deals are expected to close in the second half of the year.