Platinum Equity To Buy Horizon Organic and Wallaby from Danone

Platinum Equity, a Los Angeles, Ca-based investment firm, acquired Horizon Organic, and Wallaby, from Danone.

The amount of the deal was not disclosed. The proposed acquisition of Horizon Organic and Wallaby is subject to customary closing conditions and regulatory approval.

Horizon Organic is the largest USDA-certified organic dairy brand in the world and is a pioneer in dairy beverages, having introduced the first organic milk available coast to coast in the United States in 1991. Horizon Organic’s portfolio of organic dairy products includes milk, creamers and whiteners, yogurt, cheese and butter. The acquisition also includes Wallaby, an Australian-inspired Greek-style yogurt made with organic milk and other ingredients,

Founded in 1995 by Tom Gores, Platinum Equity is an investment firm with approximately $47 Billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. It specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries.

Over the past 28 years, Platinum Equity has completed more than 450 acquisitions.