Danone acquires Harrogate Water to diversify its product portfolio

By Akshay Kedari  Date: 2020-02-29

Danone acquires Harrogate Water to diversify its product portfolio

French food and drink company, Danone S.A. has recently made a strategic acquisition through its United Kingdom affiliate by acquiring majority shares in Harrogate Water, a UK-based bottled water company. Harrogate is best known for its charitable water brand Thirsty Planet and its regular water brand Harrogate Spring Water.

Report claim that current stakeholders of Harrogate Water, the Cain family, would go on to become minority shareholders of the company. Meanwhile, James Cain, CEO, Harrogate Water, would be a part of Danone Waters UK’s management team.

Speaking on the move, James Cain said that the company is excited to join Danone, the ideal business partner that would help Harrogate Water take striding steps while celebrating and respecting its heritage and history.

Moreover, both Harrogate Water and Danone share a similar approach and ethos to sustainability and community. Starting as a family business, Harrogate has made it clear that it derives inspiration from its colleagues, people, customers, and partners. Together with Danone’s team, the water company is confident to maintain its path to glory, with a like-minded, considered approach, added Cain.

As for James Pearson, Managing Director, Danone Waters UK & Ireland, the company is delighted to welcome Harrogate Water to its family. This acquisition would help it to fulfill the growing demand for on-the-go consumption & sparkling water as well as expanding its offering in the UK.

Situated in Paris, Danone has had a diverse range of bottled water varieties which consist of Actimel, Activia, Aptamil, Alpro, Danio, Danette, Danonino, Dannon, Nutricia, Evian, Volvic, and Nutrilon. However, Danone has lowered its profit margin and sales growth targets for 2020, as it anticipates negative business impacts follows the effects of Covid-19 (coronavirus) in the Chinese food & beverage market.

Reportedly, Danone and Diageo are one of the latest firms to issue a warning, stating the global epidemic known as coronavirus would hurt its profit and cost it millions in sales.

Source Credit: https://www.drinks-insight-network.com/news/danone-harrogate-water/

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Hyundai Motor, LG Energy Solution to launch battery plant in Indonesia

Hyundai Motor, LG Energy Solution to launch battery plant in Indonesia

By Akshay Kedari

This new battery production plant will be built in the Karwang Regency. It will reportedly have a yearly output of around 10 gigawatt-hours of batteries. South Korean multinational conglomerates Hyundai Motor Company and LG Energy Solution Ltd. ...

Amazon’s ‘Key for Business’ raises security concerns for U.S apartments

Amazon’s ‘Key for Business’ raises security concerns for U.S apartments

By Akshay Kedari

American technology and e-commerce giant, Amazon.com Inc. has reportedly been using ‘Key for Business’- a system that enables the company’s delivery agents to gain access to apartment complexes without requiring to be buzzed in by r...

Volvo Cars might take full control of its Chinese stake ahead of IPO

Volvo Cars might take full control of its Chinese stake ahead of IPO

By Akshay Kedari

Swedish luxury automobile manufacturer Volvo Cars Corporation reportedly signed an agreement with Zhejiang Geely Holding Group to buy out from their decade-long joint ventures to gain complete ownership of its facilities in China. According to relia...

Lamborghini expects sale volumes to hit record highs in India this year

Lamborghini expects sale volumes to hit record highs in India this year

By Akshay Kedari

Italian luxury sports car manufacturer, Automobili Lamborghini S.p.A. is reportedly expecting substantial growth in sales volumes in India this year as the carmaker is experiencing a V-shaped upturn in demand after the easing out of COVID-19 pandemic...

Netflix ventures into video games, hires former Oculus and EA developer

Netflix ventures into video games, hires former Oculus and EA developer

By Akshay Kedari

OTT streaming giant Netflix Inc. is reportedly planning to offer games on its platforms at no additional costs. The company has tapped Mike Verdu, a former Oculus and EA game development leader, to spearhead its games division. Verdu will join as th...