Groupe Danone Buys Out Its Partners In Japanese Joint Venture Calpis Ajinomoto
Dated: 5 February 2007
Danone Groupe has announced the acquisition of all shares in the Japanese joint venture Calpis Ajinomoto Danone (CAD) to accelerate strategic growth objectives in the Asian dairy market.
The new organization, which will operate under the name Danone Japan, will continue to work closely with Ajinomoto and Calpis. Ajinomoto will remain the exclusive distributor for all Danone Japan fresh dairy products in Japan, and Calpis will continue to provide various food raw materials for Danone Japan’s fresh dairy products.
The new shareholding structure will enable Danone Japan to concentrate on its core competencies and focus on fast growing products and brands with distinct health benefits as well as increasing investments in marketing. With low per-capita consumption, the Japanese dairy market has significant room for growth.
Ajinomoto and Danone established the joint venture AD in 1980, in which both companies held 50 percent of the shares Ajinomoto, Calpis and Danone established the joint venture CAD in 1993. Before all shares were transferred to Groupe Danone, Ajinomoto owned 20 percent, Calpis 30 percent and Danone 50 percent of the joint venture CAD.
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