- Food and drink giant Danone has agreed to acquire Huel, a British meal replacement company.
- Huel, founded in Hertfordshire in 2015, offers nutritionally complete food products including powders, snack bars, and drinks.
- The acquisition is expected to accelerate Huel's growth ambitions and drive its international expansion.
- While the deal's value remains undisclosed, the Financial Times estimated the British business to be worth approximately one billion euros (£870 million).
- Danone's chief executive said the acquisition aligns with the company's strategy to expand further into the 'functional nutrition' sector.
IN FULL