18 July 2014

Kenya: French Firm Buys Stake in Kenyatta Family's Brookside

Nairobi — French dairy giant Danone has struck a deal to buy 40 per cent stake in Brookside Dairy Limited which is owned by the Kenyatta Family.

The Wall Street Journal reports that this is part of the plan by the French Dairy to expand its footprint in Africa and allow Danone to enter in one of Africa's largest milk markets.

Brookside, which is the dominant player in Kenya's dairy market had sales of an estimated Sh15.4 billion shillings in 2013, according to Standard Investment Bank research.

The company is known to have the largest milk collection network in East Africa with over 140,000 farmers and a distribution network of more than 200, 000 outlets in East Africa.

Brookside's portfolio of products includes; UHT milk, powdered milk, yoghurts, fermented milk, ghee and butter.

In the recent past, Brookside has been involved in several takeover bids including Buzeki Dairy, Ilara, Delamare and SpinKnit that have made the company's market share in Kenya rise to 44 percent, making the company the Market leader.

More to follow... ... ... .

Copyright © 2014 Capital FM. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.