By Colin Kellaher
French food group Danone SA on Thursday said it plans to explore strategic options for its U.S. organic dairy operations, including a potential sale.
Danone said the business, which includes its Horizon Organic and Wallaby brands, accounted for roughly 3% of its global revenue last year.
Danone, which posted sales of 20.7 billion euros ($22.5 billion) for the first nine months of 2022, said the move is part of the portfolio review an asset-rotation program, dubbed "Renew Danone," that it launched in March.
Danone acquired Horizon and Wallaby when it paid more than $10 billion to buy Whitewave Foods in 2017.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
01-26-23 1404ET