Processing timeline
3
days
Filed
5 Aug 2026
Decision Due
16 Sept 2026
Est decision date: 8 Sept 2026. Based on 59 decided Professional & Business Services notifications.
Acquirer(s)
Minogue BidCo
Target(s) or Vendor(s)
Made (MJV) Pte Ltd UEN 202321698C, TUCKER HOLDCO PTY LTD ABN - 85 644 211 772
Other parties
Compagnie Gervais Danone SIREN 552 067 092, Société Anonyme des Eaux Minérales d’Évian S.A. SIREN 797 080 850, NUTRICIA AUSTRALIA PTY LIMITED ABN - 99 076 246 752, DANONE SAPUTO DAIRY AUSTRALIA PTY LTD ABN - 32 143 172 258, Made Brands Pte Ltd UEN 202239762W, Minogue HoldCo, Danone S.A. SIREN 552 032 534
French global food-products corporation Danone S.A. proposes to acquire 100% of the issued share capital in Australian food and beverages company Tucker Holdco Pty Ltd. The acquirer supplies dairy, plant-based, water, and specialised nutrition products, while the target offers dairy, coconut-based, juice, and vitamin water brands.
Danone S.A. (together with its subsidiaries, Danone ) proposes to acquire 100% of the issued share capital in Tucker Holdco Pty Ltd (together with its subsidiaries, MADE ). Danone is a global food-products corporation, headquartered in France. Globally, Danone supplies dairy products, plant-based foods, bottled plain water and specialised nutrition solutions. In Australia, Danone supplies dairy-based yoghurt under brands such as Activia, Liddells, Ultimate and YoPro. Danone also supplies specialised nutrition solutions under its Nutricia brand (including AptaGrow, Aptamil, Fortijuice, Fortini, Fortisip, Karicare, Loprofin, Souvenaide) and bottled plain water under its Evian brand. MADE is an Australian food and beverages company headquartered in Melbourne, Australia. MADE supplies dairy-based products under the Rokeby brand, coconut-based beverages and yoghurt under the Cocobella and Nakula brands, pressed juices under the Impressed Juices brand, and flavoured multi-vitamin bottled water under the NutrientWater brand. In parallel with Danone’s acquisition of MADE, MADE proposes to acquire the remaining 50% of shares that it does not already own in Made (MJV) Pte. Ltd. ( Made JV ). Made JV is a joint venture entity that is part of MADE’s Thailand-based manufacturing operation and held pursuant to a joint venture with Magna Access Co. Ltd, an entity associated with Thailand-based food products manufacturer Chabaa Group. Made JV's operating subsidiary, Made Manufacturing (Thailand) Ltd, manufactures coconut-based products sold by MADE.
The ACCC has prepared a questionnaire on the Acquisition. Submissions or information in response to the questionnaire should be provided by 13 August 2026 via email to mergers@accc.gov.au with the title Submission re: Danone – MADE. The ACCC’s ability to give detailed consideration to submissions received after this time may be limited