China’s largest dairy is in talks to buy America’s No. 1 organic yogurt company, Stonyfield Farm, The Post has learned.
Yili Industrial Group Co. has bid around $850 million to buy the Danone-owned Stonyfield and is now considered a favorite in the auction, two sources close to the process told The Post.
The bid is higher than expected for a yogurt-maker with $50 million in earnings before interest, taxes depreciation and amortization and revenue of $370 million in 2016 sales, sources said.
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