Danone Manifesto Ventures (DMV) announced this week that it has acquired a majority ownership stake in coconut products maker Harmless Harvest. Speaking to BevNET, DMV CEO Laurent Marcel and Harmless Harvest CEO Ben Mand said the deal is primed to help the premium beverage and plant-based food maker to expand its presence in the global market.
Danone Manifesto Ventures (DMV) announced today that it has acquired a majority stake in premium coconut products maker Harmless Harvest. Terms of the deal were not disclosed. Harmless Harvest is the first U.S. investment to become majority-owned by DMV, the venture arm of French multinational corporation Danone, the company said in a press release.
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Utilizing the entire coconut to minimize its carbon footprint and maximize profitability has been a long-term goal for Harmless Harvest and its CEO Ben Mand. At Winter Fancy Food Show 2020, held January 19-21 in San Francisco, the company unveiled an expanded food and beverage portfolio that delivers on that goal.
Harmless Harvest, the maker of deliciously hydrating organic coconut-based beverages, has announced the launch of Protein & Coconut, a new line of plant-based snack drinks created to fuel the everyday.
