Danone completes the acquisition of Kate Farms, enhancing its U.S. specialized nutrition offerings
Danone (OTC:DANOY) has successfully completed the acquisition of a majority stake in Kate Farms, the leading doctor-recommended plant-based nutrition brand in the United States. The strategic acquisition enhances Danone's specialized nutrition portfolio in North America by combining Kate Farms with its existing brands Nutricia, AG真人官方 Food Blends, and Functional Formularies.
Brett Matthews, former CEO and Chairman of Kate Farms, will serve as Chairman and CEO of the combined business effective immediately. The integration aims to expand access to specialized nutrition across various channels including hospitals, homes, online platforms, and retail shelves.
Kate Farms, founded to address a critical need for allergen-free tube feeding formula, has grown to become a major player in the specialized nutrition space with products available in over 1,400 U.S. hospitals. The company's products are eligible for insurance coverage through Medicare, Medicaid, private insurance, and WIC in 33+ states. This acquisition aligns with Danone's Renew strategy and builds upon its existing 鈧�27.4 billion in sales reported for 2024.
[ "Acquisition strengthens Danone's position in the U.S. specialized nutrition market", "Integration combines #1 doctor-recommended plant-based brand with Danone's existing nutrition portfolio", "Expanded distribution network across 1,400+ U.S. hospitals", "Strong insurance coverage including Medicare, Medicaid, and WIC in 33+ states", "Retention of successful Kate Farms management team ensures continuity" ]Danone (OTC:DANOY) ha completato con successo l'acquisizione di una quota di maggioranza in Kate Farms, il principale marchio di nutrizione a base vegetale raccomandato dai medici negli Stati Uniti. Questa acquisizione strategica rafforza il portafoglio di nutrizione specializzata di Danone in Nord America, integrando Kate Farms con i suoi marchi esistenti Nutricia, AG真人官方 Food Blends e Functional Formularies.
Brett Matthews, ex CEO e Presidente di Kate Farms, assumer脿 il ruolo di Presidente e CEO della societ脿 combinata con effetto immediato. L'integrazione mira a estendere l'accesso alla nutrizione specializzata attraverso diversi canali, inclusi ospedali, abitazioni, piattaforme online e punti vendita al dettaglio.
Kate Farms, fondata per rispondere a un bisogno critico di formule per alimentazione enterale prive di allergeni, 猫 diventata un attore importante nel settore della nutrizione specializzata, con prodotti disponibili in oltre 1.400 ospedali statunitensi. I prodotti dell'azienda sono coperti da assicurazioni tramite Medicare, Medicaid, assicurazioni private e WIC in pi霉 di 33 stati. Questa acquisizione 猫 in linea con la strategia Renew di Danone e si basa sui ricavi esistenti di 鈧�27,4 miliardi registrati per il 2024.
- Acquisizione che rafforza la posizione di Danone nel mercato statunitense della nutrizione specializzata
- L'integrazione unisce il marchio a base vegetale pi霉 raccomandato dai medici con il portafoglio nutrizionale esistente di Danone
- Rete di distribuzione ampliata in oltre 1.400 ospedali negli Stati Uniti
- Copertura assicurativa solida, inclusi Medicare, Medicaid e WIC in pi霉 di 33 stati
- Mantenimento del team di gestione di successo di Kate Farms per garantire continuit脿
Danone (OTC:DANOY) ha completado con 茅xito la adquisici贸n de una participaci贸n mayoritaria en Kate Farms, la principal marca de nutrici贸n basada en plantas recomendada por m茅dicos en Estados Unidos. Esta adquisici贸n estrat茅gica fortalece el portafolio de nutrici贸n especializada de Danone en Norteam茅rica, combinando Kate Farms con sus marcas existentes Nutricia, AG真人官方 Food Blends y Functional Formularies.
Brett Matthews, ex CEO y presidente de Kate Farms, asumir谩 el cargo de presidente y CEO del negocio combinado con efecto inmediato. La integraci贸n busca ampliar el acceso a la nutrici贸n especializada a trav茅s de diversos canales, incluyendo hospitales, hogares, plataformas en l铆nea y tiendas minoristas.
Kate Farms, fundada para cubrir una necesidad cr铆tica de f贸rmulas para alimentaci贸n por sonda libres de al茅rgenos, se ha convertido en un actor importante en el 谩mbito de la nutrici贸n especializada, con productos disponibles en m谩s de 1,400 hospitales en EE.UU.. Los productos de la compa帽铆a son elegibles para cobertura de seguros a trav茅s de Medicare, Medicaid, seguros privados y WIC en m谩s de 33 estados. Esta adquisici贸n est谩 alineada con la estrategia Renew de Danone y se basa en sus ventas existentes de 鈧�27,4 mil millones reportadas para 2024.
- Adquisici贸n que fortalece la posici贸n de Danone en el mercado estadounidense de nutrici贸n especializada
- La integraci贸n combina la marca vegetal n煤mero uno recomendada por m茅dicos con el portafolio nutricional existente de Danone
- Red de distribuci贸n ampliada en m谩s de 1,400 hospitales en EE.UU.
- Amplia cobertura de seguros, incluyendo Medicare, Medicaid y WIC en m谩s de 33 estados
- Mantenimiento del exitoso equipo de gesti贸n de Kate Farms para asegurar continuidad
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Brett Matthews 鞝� Kate Farms CEO 瓴� 須岇灔鞚� 歃夓嫓 氚滍毃霅橂姅 韱淀暕 靷梾鞚� 須岇灔 瓴� CEO搿� 鞛勲獏霅╇媹雼�. 鞚措矆 韱淀暕鞚� 氤戩洂, 臧�鞝�, 鞓澕鞚� 頂岆灚韽�, 靻岆Г鞝� 霌� 雼れ枒頃� 毂勲剱鞚� 韱淀暣 鞝勲 鞓侅枒 靹滊箘鞀れ潣 鞝戧芳靹膘潉 頇曤寑頃橂姅 瓴冹潉 氇╉憸搿� 頃╇媹雼�.
鞎岆爤毳搓赴 鞙犽皽 氍检鞚� 鞐嗠姅 甏�鞓侅枒鞖� 臁办牅鞁濎潣 頃勳殧靹膘潉 頃搓舶頃橁赴 鞙勴暣 靹る霅� Kate Farms電� 順勳灛 1,400臧� 鞚挫儊鞚� 氙戈淡 氤戩洂鞐愳劀 鞝滍拡鞚� 鞝滉车頃橂┌ 鞝勲 鞓侅枒 攵勳暭鞚� 欤检殧 頂岆爤鞚挫柎搿� 靹膘灔頄堨姷雼堧嫟. 須岇偓 鞝滍拡鞚� 氅旊敂旒�鞏�, 氅旊敂旒�鞚措摐, 氙缄皠 氤错棙, WIC毳� 韽暔頃� 33臧� 鞚挫儊鞚� 欤检棎靹� 氤错棙 鞝侅毄 雽�靸侅瀰雼堧嫟. 鞚措矆 鞚胳垬電� 雼る吋鞚� Renew 鞝勲灥瓿� 攵�頃╉晿氅�, 2024雲� 氤搓碃霅� 274鞏� 鞙犽 毵れ稖鞚� 旮半皹鞙茧 頃╇媹雼�.
- 氙戈淡 鞝勲 鞓侅枒 鞁滌灔鞐愳劀 雼る吋鞚� 鞛呾毳� 臧曧檾頃橂姅 鞚胳垬
- 鞚橃偓 於旍矞 1鞙� 鞁濍靹� 敫岆灉霌滌檧 雼る吋 旮办〈 鞓侅枒 韽姼韽措Μ鞓れ潣 韱淀暕
- 1,400臧� 鞚挫儊鞚� 氙戈淡 氤戩洂鞐� 瓯胳箿 頇曥灔霅� 鞙犿喌毵�
- 氅旊敂旒�鞏�, 氅旊敂旒�鞚措摐, WIC 韽暔 33臧� 鞚挫儊 欤检棎靹� 臧曤牓頃� 氤错棙 鞝侅毄
- 靹标车鞝侅澑 Kate Farms 瓴届榿歆� 鞙犾搿� 鞐办啀靹� 頇曤炒
Danone (OTC:DANOY) a finalis茅 avec succ猫s l'acquisition d'une participation majoritaire dans Kate Farms, la principale marque de nutrition 脿 base de plantes recommand茅e par les m茅decins aux 脡tats-Unis. Cette acquisition strat茅gique renforce le portefeuille de nutrition sp茅cialis茅e de Danone en Am茅rique du Nord en combinant Kate Farms avec ses marques existantes Nutricia, AG真人官方 Food Blends et Functional Formularies.
Brett Matthews, ancien PDG et pr茅sident de Kate Farms, assumera imm茅diatement les fonctions de pr茅sident et PDG de l'entreprise fusionn茅e. L'int茅gration vise 脿 茅tendre l'acc猫s 脿 la nutrition sp茅cialis茅e via divers canaux, notamment les h么pitaux, les domiciles, les plateformes en ligne et les rayons des magasins.
Fond茅e pour r茅pondre 脿 un besoin crucial de formule d'alimentation ent茅rale sans allerg猫nes, Kate Farms est devenue un acteur majeur de la nutrition sp茅cialis茅e, avec des produits disponibles dans plus de 1 400 h么pitaux am茅ricains. Les produits de l'entreprise sont 茅ligibles 脿 la couverture d'assurance via Medicare, Medicaid, les assurances priv茅es et le programme WIC dans plus de 33 脡tats. Cette acquisition s'inscrit dans la strat茅gie Renew de Danone et s'appuie sur un chiffre d'affaires existant de 鈧�27,4 milliards pour 2024.
- L'acquisition renforce la position de Danone sur le march茅 am茅ricain de la nutrition sp茅cialis茅e
- L'int茅gration combine la marque v茅g茅tale n掳1 recommand茅e par les m茅decins avec le portefeuille nutritionnel existant de Danone
- R茅seau de distribution 茅tendu dans plus de 1 400 h么pitaux am茅ricains
- Couverture d'assurance solide incluant Medicare, Medicaid et WIC dans plus de 33 脡tats
- Maintien de l'茅quipe de direction performante de Kate Farms pour assurer la continuit茅
Danone (OTC:DANOY) hat erfolgreich die 脺bernahme einer Mehrheitsbeteiligung an Kate Farms abgeschlossen, der f眉hrenden von 脛rzten empfohlenen pflanzenbasierten Ern盲hrungsmarke in den Vereinigten Staaten. Die strategische 脺bernahme st盲rkt Danones Portfolio f眉r spezialisierte Ern盲hrung in Nordamerika, indem Kate Farms mit den bestehenden Marken Nutricia, AG真人官方 Food Blends und Functional Formularies kombiniert wird.
Brett Matthews, ehemaliger CEO und Vorsitzender von Kate Farms, wird mit sofortiger Wirkung als Vorsitzender und CEO des kombinierten Unternehmens fungieren. Die Integration zielt darauf ab, den Zugang zu spezialisierter Ern盲hrung 眉ber verschiedene Kan盲le wie Krankenh盲user, Haushalte, Online-Plattformen und Einzelhandelsregale zu erweitern.
Kate Farms, gegr眉ndet zur Deckung eines kritischen Bedarfs an allergenfreier Sondenern盲hrungsformel, hat sich zu einem wichtigen Akteur im Bereich der spezialisierten Ern盲hrung entwickelt, mit Produkten, die in 眉ber 1.400 US-Krankenh盲usern verf眉gbar sind. Die Produkte des Unternehmens sind in mehr als 33 Bundesstaaten durch Medicare, Medicaid, private Versicherungen und WIC versicherungsf盲hig. Diese 脺bernahme steht im Einklang mit Danones Renew-Strategie und baut auf den bestehenden Ums盲tzen von 鈧�27,4 Milliarden f眉r 2024 auf.
- 脺bernahme st盲rkt Danones Position im US-Markt f眉r spezialisierte Ern盲hrung
- Integration vereint die von 脛rzten am meisten empfohlene pflanzenbasierte Marke mit Danones bestehendem Ern盲hrungsportfolio
- Erweitertes Vertriebsnetz in 眉ber 1.400 US-Krankenh盲usern
- Starke Versicherungsschutz, einschlie脽lich Medicare, Medicaid und WIC in 眉ber 33 Bundesstaaten
- Beibehaltung des erfolgreichen Managementteams von Kate Farms sichert Kontinuit盲t
- None.
- Integration risks associated with combining multiple nutrition brands
- Potential challenges in maintaining multiple brand identities within combined portfolio
Press release 鈥� Paris, July 1st, 2025, at 7:00 P.M. CEST
Danone completes the acquisition of Kate Farms,
enhancing its U.S. specialized nutrition offerings
Danone announced today that it has successfully completed the acquisition of a majority stake in Kate Farms, a fast-growing U.S. business and the #1 doctor-recommended plant-based brand in the U.S., offering a wide array of plant-based, organic nutrition products for both medical and everyday needs.
By bringing together the Kate Farms, Nutricia, AG真人官方 Food Blends, and Functional Formularies brands, the combined business will now reach more patients, consumers and healthcare providers in North America with a complementary and differentiated offering of high-quality nutritional solutions that support a wide range of health needs.
In line with its Renew strategy, Danone鈥檚 newly enhanced medical nutrition business will boost availability and improve access to specialized nutrition 鈥� whether in hospitals, at home, online, or on shelf 鈥� meeting people wherever they are on their health journey.
As previously announced, Danone will partner with Kate Farms鈥� senior management team to accelerate the growth trajectory of the combined business while continuing to deliver on Kate Farms鈥� mission to better serve patients, families and communities in the United States and abroad. Effective today, Brett Matthews, former CEO and Chairman of Kate Farms, will serve as the Chairman and Chief Executive Officer of the combined business.
Brett Matthews, Danone North America Medical Nutrition Chairman and Chief Executive Officer said:
"Becoming part of Danone 鈥� an organization that shares our mission to improve lives through nutrition 鈥� is a really proud moment for Kate Farms and will make a positive difference to the people, families and communities we serve. Together, we are in a better position to provide high-quality nutrition to those with a wide range of health needs. With Danone鈥檚 global expertise, broad U.S. footprint and deep commitment to science-based, patient-centered care, we will reach more people, expand our impact, and continue building an organization rooted in strong values, innovation and compassion. I鈥檓 honored to step into this new role leading the combined business and excited to work alongside our world-class teams at both Danone and Kate Farms to bring our hearts and expertise to support more people on their health journey. Together, we鈥檒l ensure our brands flourish, support the important work healthcare professionals do every day and help people thrive.鈥�
Antoine de Saint-Affrique, Danone SA Chief Executive Officer said:
"We are thrilled to welcome Brett Matthews and the Kate Farms team to the Danone family. This partnership is a significant step forward in our Specialized Nutrition journey and enhances our collective ability to serve patients and consumers with innovative solutions. Together, our combined organizations will accelerate growth, better serve communities and patients in the U.S. and continue to support healthier lives through nutrition that truly makes a difference."
o o O o o
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements concerning Danone that are subject to risks and uncertainties. Generally, you can identify these forward-looking statements by forward-looking words, such as 鈥渆stimate鈥�, 鈥渆xpect鈥�, 鈥渁nticipate鈥�, 鈥減roject鈥�, 鈥減lan鈥�, 鈥渋ntend鈥�, 鈥渙bjective鈥�, 鈥渂elieve鈥�, 鈥渇orecast鈥�, 鈥済uidance鈥�, 鈥渇oresee鈥�, 鈥渓ikely鈥�, 鈥渕ay鈥�, 鈥渟hould鈥�, 鈥済oal鈥�, 鈥渢arget鈥�, 鈥渕ight鈥�, 鈥渨ill鈥�, 鈥渃ould鈥�, 鈥減redict鈥�, 鈥渃ontinue鈥�, 鈥渃onvinced鈥� and 鈥渃onfident,鈥� the negative or plural of these words and other comparable terminology or by using future dates. Forward-looking statements in this press release include but are not limited to: statements regarding Danone鈥檚 operation of the Kate Farms business; the expected benefits of the transaction; and the future activities, operations, direction, performance and results of Danone.
These forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in these forward-looking statements. For a detailed description of risks and uncertainties, please refer to the 鈥淩isk Factor鈥� section of Danone鈥檚 Universal Registration Document (the current version of which is available at ).
Subject to regulatory requirements, Danone does not undertake to publicly update or revise any of these forward-looking statements. This document does not constitute an offer to sell or a solicitation of an offer to buy Danone securities.
About Danone (www.danone.com)听
Danone is a leading global food and beverage company operating in three health-focused, fast-growing and on-trend Categories: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. With a long-standing mission of bringing health through food to as many people as possible, Danone aims to inspire healthier and more sustainable eating and drinking practices while committing to achieve measurable nutritional, social, societal and environment impact. Danone has defined its Renew strategy to restore growth, competitiveness, and value creation for the long-term. With over 90,000 employees, and products sold in over 120 markets, Danone generated
About Kate Farms (www.katefarms.com)
Kate Farms was founded when a little girl named Kate was failing to thrive because she couldn't tolerate any of the available tube feeding formulas. Her determined parents, Richard and Michelle, had the transformative idea to develop a formula using high-quality, organic, and plant-based ingredients without the common allergens and ingredients often found in traditional formulas. In 2015, Brett Matthews partnered with Richard and Michelle and became Chairman and CEO to build a great team of people and bring Kate Farms into healthcare to help people with health conditions. Kate Farms is the #1 doctor-recommended plant-based brand in the U.S.*
Kate Farms provides nutritional formulas and shakes for children and adults, intended for both oral and tube feeding, whether as sole-source or supplemental nutrition. They are available nationally and eligible for insurance coverage with Medicare, Medicaid, private insurance, and in 33+ states via WIC鈥�. All formulas and shakes are made with organic pea protein, fiber, and phytonutrients, and without the top nine allergens, artificial sweeteners, colors, or flavors. Today, Kate Farms can be found in more than 1,400 U.S. hospitals, online at www.katefarms.com, Amazon, and in select retail locations, with national expansion underway. For more information on our full product portfolio, visit .
Former minority investors in Kate Farms include Novo Holdings, Goldman Sachs, Kaiser Ventures, Main Street Advisors, Coefficient, Aliment Capital, and Ithaka.
鈥燱IC is a registered service mark of the U.S. Department of Agriculture for USDA鈥檚 Special Supplemental Nutrition Program for Women, Infants, and Children.
*Among surveyed doctors recommending plant-based nutrition products.
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