Danone's Silk brand on display. Photo by Justin Sullivan/Getty Images
Danone, a France-based food conglomerate, sold its lagging U.S. dairy lines Horizon Organic and Wallaby to private equity firm Platinum Equity for an undisclosed amount.
Why it matters: As CPG companies shed assets to focus on higher-growth businesses, there will likely be a flood of sponsor-led deals in food and beverage.
