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Danone Buys Entry Into Smaller, Quicker, Tuned-In Food Companies

May 17, 2017: 12:00 AM EST
The venture funding unit of France’s yogurt multinational Danone has invested in a four-year-old, two-woman investment firm whose portfolio features small “disruptive food and beverage companies” in the natural and organic market that are “stealing shelf space and sales from established food companies.” AccelFoods of New York is nurturing 30 start-ups that produce everything from “better-for-you” bouillon cubes to calamansi juice drinks to flavored organic pressed teas. Adding Danone to the fund raised another $15 million, for a total of about $30 million. Danone’s investment comes at a time when Danone’s investment in AccelFoods is part of a strategy to boost sales by expanding in the U.S. It also acknowledges that smaller, more agile companies have a better grasp of the fast-evolving tastes of younger food consumers. [Image Credit: © Accel Foods ]
"Danone Announces Investment in AccelFoods", European Supermarket Magazine, May 17, 2017, © European Supermarket Magazine
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