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The CMA has given a provisional green light to the transaction, flagging competition concerns in Northern Ireland.
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The Quorn maker avoided any impairment charges that have plagued its meat-alternatives segment for the past three years.
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Valio’s innovation VP suggests dairy should benefit as GLP-1 users, eating less food, pay more attention to the protein they consume.
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The US fresh foods group said the controlled-environment agriculture, or CEA, category is “experiencing strong momentum and consumer resonance”.
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Danone CEO Antoine de Saint-Affrique said the new venture will “create a powerful growth platform with more opportunities for innovation, operational efficiency and greater reach”.
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The Tokyo-based group has cut its forecast for profits to shareholders but left its sales outlook unchanged.
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Culinor Food Group, the Belgian retail and foodservice meals provider, was put under review last year.
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The price tag raised eyebrows but Danone’s move for Huel is seen as a well-reasoned piece of M&A.
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