From Yahoo Finance: 2025-05-12 08:15:00

Danone acquires majority stake in US-based Kate Farms, known for plant-based and organic nutrition products. Kate Farms offers various products from nutritional shakes sold at retailers to tube-feeding products for healthcare providers. Deal details undisclosed, Kate Farms’ management retains minority stake, CEO to lead Danone’s North American Medical Nutrition division.

Partnership aligns with Danone’s patient-centered approach. Kate Farms expands Danone’s specialized nutrition offerings, supporting diverse health needs globally. Barclays analyst sees deal as signaling Danone’s direction, following previous acquisition of Functional Formularies. Medical nutrition business vital for Danone amid changing market dynamics, accounting for significant revenue and earnings.

Danone’s 2024 sales up 4.3% to €27.37bn, with Specialized Nutrition segment increasing by 5.1% to €8.93bn. Strong growth in North America led by medical nutrition unit. Positive momentum in China, north Asia, and Oceania. Deal reflects Danone’s commitment to specialized nutrition and global growth.

Read more: Danone buys majority of plant-based nutrition business Kate Farms