The transaction could result in a write-off of up to $1 billion.

Lise Kingo and Gilbert Ghostine are replacing Guido Barilla and Cécile Cabanis on Danone SA's board.

The company is investing $18 million to facilitate the production of frozen dessert novelties.

The company plans to invest in nutrition education, improved access to healthy foods and food security research.

The company's chief executive officer the past five years, Alan Jope will retire at the end of 2023.

Per Mulivac’s board, it is setting up a group management format to bolster the company’s ongoing growth.

The company cited recent rising costs of milk and other materials.

Set to open in 2024, the Pasco, Wash., facility is expected to process 8 million pounds of milk per day.

The company initially filed its registration statement with the SEC in November 2021.

Former CIO Richard Scheitler will help the Seattle-based cooperative with modernization initiatives.