Danone and Brookside's shareholders today announced an agreement allowing Danone to acquire a 40% interest in Brookside's holding company.
With 2013 revenues of around €130 million, Brookside is East Africa's leading Dairy Products group. Established in Kenya in 1993, Brookside operates a unique distribution platform enabling a daily access to over 200,000 outlets. The company manages the largest milk collection network in East Africa, with 140,000 farmers in the region.
By uniting Danone's international expertise in Fresh Dairy Products with Brookside's regional expertise and robust supply chain, the partnership will enable Brookside's growth acceleration by expanding its product portfolio and strengthening its geographical presence in key markets in the East African region, including Uganda and Tanzania.
This partnership will significantly enhance the platform Danone is currently building in Africa. It is effective from July 18th 2014.
Danone, with 190 production plants around the world, posted sales of more than 21 billion euros last year.