Danone and Arcor today announce a new chapter in their strategic alliance in Argentina, creating a joint venture focused on the local dairy market. The new partnership will combine:

• Danone’s dairy business in Argentina (Danone Argentina SA), with thirty years presence in Argentina, deeply rooted in families’ daily lives;

• Mastellone Hermanos SA, a company with deep heritage in Argentina’s dairy market, spanning almost a century;

• Logistica La Serenísima, their common logistics subsidiary. 

Building on the pair’s over two-decade long partnership, this alliance will create an integrated business, leveraging the strengths and scale of both companies to deliver greater and faster innovation, enhanced operational excellence and increased commercial reach across the category, for the benefit of all Argentinian consumers.

The joint venture will also open new growth opportunities in the dairy market through its eleven production plants located in the region, where, among other products, milk, dulce de leche, cheeses, butters, creams, yogurts, and desserts are produced. 

As a consequence of this transaction, Danone will hold equal control of the joint venture with Arcor, and post-closing, it will be reflected within ‘equity-accounted companies’ in Danone’s financial statements based on the 50% shareholding.

The transaction remains subject to customary closing conditions, including regulatory approval.