Danone Completes Wockhardt Purchase
With the completion of the deal, Danone has now formally entered India's baby food and medical nutrition market, with Dexolac, Farex, Nusobee and Protinex brands, respectively.
The new entity has been named Nutricia International Private Limited. Laurent Marcel has been appointed as the managing director of Nutricia Baby Nutrition & Shared Organization, while Anver Moola has been appointed as the managing director of Nutricia Medical Nutrition.
"With over 25 million children born each year, we see India as the fastest-growing infant nutrition market in the world. Wockhardt Nutrition succeeded in building high performance teams and brands, offering us a great business opportunity to develop a range of products to cater to India's nutrition needs.
Entering the Indian Nutrition market is aligned with Danone's mission to bring health through food to the largest number of people and we are committed to making a significant contribution to the country's food and specialized nutrition industry," said Marcel. "Danone will utilize its global expertise in R&D and innovation to further enhance the established brands and develop products to serve India's rising nutrition needs.