Mergers and acquisitions

Danone began its collaboration with Yakult in 2004.

news in brief

Danone to sell stake in Yakult

By Jim Cornall

French-headquartered dairy giant Danone said today that in accordance with its focus on capital allocation discipline and balance sheet strength, the company is selling its 6.61% stake in the Japanese company Yakult Honsha Co. Ltd.

Photo Credit: Oumph!

The LIVEKINDLY co. acquires Swedish plant-based meat brand, Oumph!

By Mary Ellen Shoup

The LIVEKINDLY co., which launched in March with the ambition of becoming one of the largest plant-based food companies, has acquired Swedish plant-based meat brand, Oumph!, known for its soy-based burgers, strips, and pulled meat products.