Deals
Danone Agrees to Buy U.S. Organic Baby-Food Maker Happy Family
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Danone, owner of the Evian water and Activia yogurt brands, agreed to buy Happy Family, a U.S. maker of organic baby-food, to strengthen its fast-growing infant-nutrition division.
Danone will acquire more than 90 percent of the New York-based company, according to a statement today. The transaction is subject to the approval of the relevant authorities and is expected to be finalized in the next few months, the Paris-based company said. The companies didn’t disclose a price.