Danone has announced the formation of a joint venture with Arcor dedicated to the Argentine dairy market. The partnership will merge the French group's dairy operations in Argentina with Mastellone Hermanos and their shared logistics subsidiary, Logistica La Serenísima.
Building on a partnership spanning over 20 years, this alliance will create an integrated business designed to accelerate innovation, enhance operational excellence, and broaden the commercial reach of the entire category.
The joint venture will also unlock new growth opportunities in the dairy market through its 11 production sites across the region, which manufacture products including milk, dulce de leche, cheese, butter, cream, yogurt, and desserts.
Danone will exercise equal control within the joint venture alongside Arcor. Upon completion of the transaction, the entity will be accounted for under the equity method in Danone's consolidated financial statements, based on a 50% stake.
The closing of the deal, the financial terms of which were not disclosed, remains subject to customary closing conditions, including the receipt of necessary regulatory approvals.
Danone is one the world leading food-processing groups. Net sales break down by family of products as follows:
- dairy products and plant products (48.2%; No. 1 worldwide): fresh fermented milk products, creams, products and drinks of plant origin (based in particular on soya, almond, hazelnut, rice, oats and coconut);
- specialized nutrition products (34%): baby foods (No. 2 worldwide; foods for infants and young children in addition to breastfeeding) and medical nutrition products (foods for people suffering from certain pathologies or people weakened by age);
- bottled water (17.8%; No. 2 worldwide): natural water, aromatized water or enriched in vitamins (brands Evian, Volvic, Badoit, Aqua, etc.).
At the end of 2025, the group had more than 180 production sites throughout the world.
Net sales are distributed geographically as follows: Europe (35.8%), North America (23.2%), China/North Asia/Oceania (14.5%), Asia/Middle East/Africa (16.3%) and Latin America (10.2%).
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