Danone to Acquire MADE Group, Bringing Plant-Based Coconut Brand Cocobella Into Its Portfolio

Danone has entered an agreement to acquire Melbourne-based MADE Group, adding the plant-based coconut brand Cocobella to its portfolio. The acquisition is expected to be completed in the second half of 2026, pending regulatory approvals. The deal is anticipated to boost Danone's operating margin and earnings per share from the first year.

MADE Group operates a range of food and beverage brands across Australia, New Zealand, and Southeast Asia, reporting sales of over €300 million for the fiscal year ending June 2026. Cocobella, a leading coconut water brand in Australia, offers dairy-free coconut yogurts with live cultures and probiotics. Danone's CEO sees the acquisition as part of the company's "Renew" strategy, focusing on healthy nutrition and growth through targeted acquisitions.