French food giant Danone has sold its 40% stake in German biscuit and cake manufacturer Griesson de Beukelaer.

According to a statement released yesterday (4 May) by Griesson, the Gries family has now taken a 95% stake in the group, with the remaining 5% being held by the company’s CEO Andreas Land. Financial details of the transaction were not disclosed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Griesson de Beukelaer said that the group’s independence opened a number of options for future growth. The company added that it will continue to sharpen its focus on the premium end of the market.

Speaking to just-food today Danone said that the sale was in line with its strategy to focus on core businesses. “Our strategy is to focus on our core dairy brands and the divestment furthers this ambition,” a spokesperson for the group said.

The companies have indicated their intention to co-operate in the future and have formed a distribution agreement covering Germany and Austria.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now