Danone Completes Acquisition of Kate Farms, Boosting U.S. Nutrition Offerings

Danone, a global leader in food and beverage, has successfully completed the acquisition of a majority stake in Kate Farms, the top doctor-recommended plant-based nutrition brand in the U.S. This strategic move will enhance Danone's specialized nutrition offerings in North America as part of their Renew strategy. The acquisition brings together Kate Farms, Nutricia, Real Food Blends, and Functional Formularies brands, allowing them to deliver high-quality nutritional solutions for diverse health needs to a broader market. Brett Matthews, the former Chairman and CEO of Kate Farms, will now serve as Chairman and CEO of the combined operations in the U.S. Danone's Chief Executive Officer, Antoine de Saint-Affrique, emphasized the significance of this partnership in enhancing their ability to serve patients and consumers with impactful nutritional products. The acquisition promises to expand Danone's reach and growth while maintaining the mission of improving lives through nutrition.