Danone and Kate Farms to join forces to serve people with health needs across both medical and everyday nutrition

Core Insights - Danone has entered into a definitive agreement to acquire a majority stake in Kate Farms, enhancing its specialized nutrition offerings with Kate Farms' plant-based, organic nutrition products [1][5] - The partnership aims to improve nutritional solutions for individuals with health needs and to support better standards of care in the U.S. [2][5] - Following the acquisition, Kate Farms' CEO, Brett Matthews, will lead Danone's North American Medical Nutrition business, while Kate Farms' senior management will retain a minority stake [3][5] Company Overview - Danone is a global food and beverage company with a focus on health-oriented categories, generating €27.4 billion in sales in 2024 and employing over 90,000 people [9] - Kate Farms specializes in nutritional formulas and shakes for both children and adults, using organic ingredients and avoiding common allergens, with products available in over 1,400 U.S. hospitals [10][11] Strategic Goals - The collaboration is expected to expand the reach of Kate Farms' trusted nutrition products, providing high-quality nutrition to a broader audience [2][4] - Danone's Deputy CEO emphasized that this partnership aligns with their science-based, patient-centered approach to specialized nutrition, marking a significant milestone in their 125-year history [5][6]