Danone has agreed to buy U.S. plant-based foods specialist Earth Island, in a deal that would help the French food group reach a target of generating 5 billion euros ($6.1 billion) of plant-based sales worldwide by 2025.

Danone said the takeover was part of its strategy to boost global plant-based sales from the 2 billion euros at present.

In 2017, Danone bought U.S. organic food producer WhiteWave in a $12.5 billion deal as the yoghurt maker tries to respond to a consumer shift towards healthy eating.

Read more at: Reuters

By Sudip Kar-Gupta and Sherry Jacob-Phillips

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