Kraft completes Danone cookie unit purchase

Kraft Foods has completed its $7.8 billion acquisition of Groupe Danone's global cookie business, which will account for 20% of Kraft's sales. Kraft CEO and Chairman Irene Rosenfeld said the addition of Danone's cookie unit will provide the company with another key growth area in the European market as well as emerging markets.

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American City Business Journals · Houston Chronicle (tiered subscription model)

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