Danone Expands Specialized Nutrition Portfolio with Kate Farms Acquisition

Danone announced it will acquire a majority stake in Kate Farms, a U.S.-based maker of plant-based organic drinks. Founded in 2012, Kate Farms specializes in nutrition formulas for health conditions. The acquisition aims to expand Danone's reach in the specialized nutrition market within the U.S.

Danone has agreed to acquire a majority stake in Kate Farms, a U.S. company known for its plant-based organic drinks. This move is expected to enhance Danone's presence in the specialized nutrition sector.

Established in 2012 by Richard and Michelle Laver, Kate Farms was created to address their daughter Kate's eating difficulties due to cerebral palsy. Their products are widely available in hospitals and to consumers nationwide.

Though financial specifics remain undisclosed, the acquisition signals Danone's strategic interest in expanding its health-focused offerings. The deal awaits regulatory approval and promises to increase Danone's influence in the U.S. nutrition market.

(With inputs from agencies.)