Danone SA (ADR)(OTCMKTS:DANOY) was a notable mover during Friday’s trading session. The stock has been has been trending higher in the past couple of weeks and has outperformed the broader market, which is a huge positive. The stock currently trades above all daily moving averages. The momentum oscillators continue to trend in the bullish zone and are on the verge of giving a buy signal. This is a clear indication that bulls are in total control at the moment. Traders believe the stock could head to levels of $14.2 in the near term. The relative strength index continues to trend higher.
Danone SA (ADR)(OTCMKTS:DANOY) has decided to take its efforts in the field of food safety to the next level by forming a partnership with Mérieux NutriSciences. As per the reports, the partnership will run for a definite period and cover strategic aspects that are important to both the companies.
Insights of Announcement
There are dozens of things from food packaging to consumption that a company needs to keep in mind to ensure food safety. Danone is considered as one of the leading names in this field and wants to take its expertise to another level with the help of market leader Mérieux NutriSciences. It follows strict governance, sourcing, testing and manufacturing procedures to ensure highest standards of food safety.
The primary reason behind Danone SA’s decision to select Mérieux NutriSciences as its partner is nothing but its extensive experience of over 50 years in food quality and safety. The latter has a huge portfolio of 80 laboratories spanning across 20 countries. It has been providing support to Danone for quite some time, and this partnership will provide their relation extra strength needed to cope with the current market trends and quality standards in food safety.
Terms of Partnership
As the partner of Danone, Mérieux NutriSciences will take charge of the routine food safety testing activities. Additionally, the research and food safety expert teams of Mérieux NutriSciences will guide Danone in better managing and anticipating specific food safety solutions. It is known for world-class food quality and safety data management solutions, which will be adopted by Danone to enhance the service quality level.
The senior management of the company is delighted to make this announcement. According to Emmanuel Faber, CEO, Danone, it’s company’s responsibility to take care of food safety issues and live up to customers’ expectations. After the execution of this partnership, Danone will be able to serve its customers in an effective manner. Further details regarding the progress of this partnership will be made available in the future.