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MN-55031

Danone / MADEMN-55031

View on ACCC

Processing timeline

21

days

Filed

5 Aug 2026

Danone - MADE - Phase 1 determination

Decision

26 Aug 2026Danone - MADE - Phase 1 determination
Type
Notification
Outcome
Approved
Stage
Phase 1 - initial assessment
Status
Assessment completed

Parties

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

DANONE SAPUTO DAIRY AUSTRALIA PTY LTD ABN - 32 143 172 258, 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, Made Brands Pte Ltd UEN 202239762W, Danone S.A. SIREN 552 032 534, Minogue HoldCo

Summary

French global food-products corporation Danone S.A. acquired 100% of shares in Australian food and beverages company Tucker Holdco Pty Ltd (MADE). MADE supplies dairy, coconut-based products, juices, and flavoured water. Concurrently, MADE acquired the remaining 50% of its Thailand-based manufacturing joint venture, Made (MJV) Pte. Ltd.

Acquisition details

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.

Industry

Broad:Professional & Business Services

Decisions and key events

26 Aug 2026Danone - MADE - Phase 1 determinationAttachmentPDF148.9 KB

Other documents

6 Aug 2026Questionnaire - Danone - MADEAttachmentDOCX116.0 KB

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