Danone and Arcor have completed the creation of their joint venture in Argentina, combining Danone’s local dairy business with dairy group Mastellone Hermanos and logistics subsidiary Logistica La Serenísima. The transaction also brings Logistica La Serenísima, the companies’ shared logistics subsidiary, under the full ownership of the new joint venture. The transaction combines Danone’s dairy operations with Mastellone Hermanos, which is known for its La Serenísima brand and other local dairy products. The joint venture is expected to benefit from the combination of Danone’s international dairy expertise and Arcor’s established presence in the Argentine food market. The partnership also builds on the existing relationship between Danone and Arcor through Bagley Latin America, their joint venture covering biscuits, alfajores and cereals.