Danone has acquired a majority stake in Kate Farms, a US-based producer of plant-based nutrition products. This acquisition aims to enhance Danone's specialized nutrition portfolio by integrating Kate Farms' products, including formulas for everyday consumption and tube feeding, into Danone's offerings. The strategic fit between the two companies is seen as complementary, allowing them to reach more consumers and provide a new standard of care for individuals with a variety of health needs.

Kate Farms, founded in 2012 to cater to medical and consumer nutrition needs, will retain its senior management with a minority stake in the company. Following the transaction, Brett Matthews, CEO of Kate Farms, will lead Danone's North American Medical Nutrition business. This partnership highlights a shared vision between the companies to help people live their best lives through quality nutrition, with the goal of bringing innovative products to a wider audience.