November 25/Portland, Ore./ADP News North America -- French dairy products group Danone has signed an agreement to acquire YoCream, a U.S. producer of frozen yoghurt, for $103 million (76 million euros). The acquisition should be finalized by the end of 2010.
The transaction will allow Danone to move into the frozen yogurt sector, a fast-growing segment in the United States. Moreover, the French company will gain access to an away-from-home distribution network, which will add to its existing channels.