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Danone buys majority stake in Kate Farms to expand its specialized nutrition products.
Danone, a French food company, has acquired a majority stake in Kate Farms, a US-based maker of plant-based organic nutritional formulas.
Founded in 2012, Kate Farms produces products for both everyday use and medical needs.
Danone aims to expand its specialized nutrition offerings through this acquisition, aligning with its strategic interest in growth via acquisitions.
Financial details are undisclosed, but Kate Farms' CEO will lead Danone's North American medical nutrition business.
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Danone compra una participación mayoritaria en Kate Farms para expandir sus productos especializados en nutrición.