Danone to Sell Stonyfield to Lactalis for $875 Million

According to a report from Reuters, France-based food group Danone Group (Danone) has agreed to sell its New Hampshire dairy business Stonyfield Organic (Stonyfield) to Groupe Lactalis (Lactalis) in France for $875 million, a move designed to address competition concerns stemming from its acquisition of U.S. organic food group WhiteWave (Colorado). Danone said on July 3 that Stonyfield ...