As Big Food continues to be starved for growth, deal activity is heating up in the yogurt section.
The $7.6 billion yogurt category has been a rapidly evolving segment of the food industry for the past several years. Consumers continue to look to high-protein alternatives to their morning cereal, and there is an expanding coterie of options available. With upstart brands outpacing their legacy peers, deals have followed suit.
Danone sold its organic Stonyfield yogurt to family-owned French dairy company Lactalis for $875 million last summer, in an auction that also drew the interest of Chinese dairy company Yili, Grupo Lala and Dean Foods. Lactalis earlier this month also acquired Icelandic-style yogurt brand Siggi's last for an undisclosed amount.
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