Danone Completes Acquisition of Kate Farms, Enhancing Specialized Nutrition Portfolio

Danone has acquired a majority stake in Kate Farms, which specializes in plant-based, organic nutrition products for both medical and everyday use. All its formulas and nutrition shakes are made with organic pea protein, fiber, and phytonutrients, and without the top nine allergens, artificial sweeteners, colors, or flavors.

In line with its “Renew” strategy, Danone said its newly enhanced medical nutrition business will boost availability and improve access to specialized nutrition, in hospitals, at home, online, and on shelf.

Bringing together the Kate Farms, Nutricia, Real Food Blends, and Functional Formularies brands, a combined business will now reach more patients, consumers, and healthcare providers in North America, according to the company.

Danone said it will partner with Kate Farms’ senior management team to accelerate the growth trajectory of the combined business while continuing to deliver on Kate Farms’ mission to better serve patients, families, and communities.

Medical Nutrition Leadership

Brett Matthews, former CEO and chairman of Kate Farms, will serve as the chairman and CEO of Danone’s North American Medical Nutrition business.

“Becoming part of Danone — an organization that shares our mission to improve lives through nutrition — is a really proud moment for Kate Farms and will make a positive difference to the people, families, and communities we serve,” Matthews said in a statement.

“Together, we are in a better position to provide high-quality nutrition to those with a wide range of health needs. With Danone’s 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’m 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’ll ensure our brands flourish, support the important work healthcare professionals do every day, and help people thrive.”

Antoine de Saint-Affrique, Danone SA CEO, added: “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.”