Danone to buy NZ dairy firms
French food giant Danone looks set to buy two New Zealand dairy companies.
Sutton Group and Gardians said last night they have entered into an agreement to sell both business operations to Danone Nutricia.
Danone is suing Fonterra for nearly $500 million in compensation for damage to its reputation following last year's botulism scare. Nutricia is a subsidiary of Danone and in New Zealand manufactures the Karicare formula range for infants and toddlers.
Sutton Group and Gardians are dairy processors and exporters based in Auckland and Balclutha.
The combined group of companies had capabilities in spray drying, blending, can forming and packing of dairy based nutritional products, they said.