Vending

Danone acquires organic coconut manufacturer

Image courtesy of Danone.

July 1, 2021

Danone Manifesto Ventures, Danone's corporate venture arm, has acquired a majority stake in Harmless Harvest, a provider of organic coconut-based products, including coconut water and dairy-free coconut yogurt alternatives, according to a press release.

In 2017, Danone Manifesto Ventures led a $30 million capital growth round in the company, alongside Mousse Partners and other investors. With this additional investment, DMV acquires majority ownership and will continue to provide financial, strategic and operational support in all appropriate business areas while Harmless Harvest continues to operate independently.

This transaction will provide Harmless Harvest with additional resources and operational capabilities to help further propel its growth and sustainability initiatives, from Thai coconut farms to U.S. shelves.

Harmless Harvest is the first U.S. investment to become majority-owned by DMV.