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, Real 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 €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, Real Food Blends e Functional Formularies.
Brett Matthews, ex CEO e Presidente di Kate Farms, assumerà il ruolo di Presidente e CEO della società 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, è 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 più di 33 stati. Questa acquisizione è in linea con la strategia Renew di Danone e si basa sui ricavi esistenti di €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 più 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 più di 33 stati
- Mantenimento del team di gestione di successo di Kate Farms per garantire continuità
Danone (OTC:DANOY) ha completado con éxito la adquisición de una participación mayoritaria en Kate Farms, la principal marca de nutrición basada en plantas recomendada por médicos en Estados Unidos. Esta adquisición estratégica fortalece el portafolio de nutrición especializada de Danone en Norteamérica, combinando Kate Farms con sus marcas existentes Nutricia, Real Food Blends y Functional Formularies.
Brett Matthews, ex CEO y presidente de Kate Farms, asumirá el cargo de presidente y CEO del negocio combinado con efecto inmediato. La integración busca ampliar el acceso a la nutrición especializada a través de diversos canales, incluyendo hospitales, hogares, plataformas en línea y tiendas minoristas.
Kate Farms, fundada para cubrir una necesidad crítica de fórmulas para alimentación por sonda libres de alérgenos, se ha convertido en un actor importante en el ámbito de la nutrición especializada, con productos disponibles en más de 1,400 hospitales en EE.UU.. Los productos de la compañía son elegibles para cobertura de seguros a través de Medicare, Medicaid, seguros privados y WIC en más de 33 estados. Esta adquisición está alineada con la estrategia Renew de Danone y se basa en sus ventas existentes de €27,4 mil millones reportadas para 2024.
- Adquisición que fortalece la posición de Danone en el mercado estadounidense de nutrición especializada
- La integración combina la marca vegetal número uno recomendada por médicos con el portafolio nutricional existente de Danone
- Red de distribución ampliada en más de 1,400 hospitales en EE.UU.
- Amplia cobertura de seguros, incluyendo Medicare, Medicaid y WIC en más de 33 estados
- Mantenimiento del exitoso equipo de gestión de Kate Farms para asegurar continuidad
다논 (OTC:DANOY)이(가) 미국에서 의사들이 가장 추천하는 식물성 영양 브랜드인 Kate Farms의 지분 과반수를 성공적으로 인수했습니다. 이번 전략적 인수로 다논은 기존의 Nutricia, Real Food Blends, Functional Formularies 브랜드와 Kate Farms를 결합하여 북미 지역의 전문 영양 포트폴리오를 강화했습니다.
Brett Matthews 전 Kate Farms CEO 겸 회장이 즉시 발효되는 통합 사업의 회장 겸 CEO로 임명됩니다. 이번 통합은 병원, 가정, 온라인 플랫폼, 소매점 등 다양한 채널을 통해 전문 영양 서비스의 접근성을 확대하는 것을 목표로 합니다.
알레르기 유발 물질이 없는 관영양용 조제식의 필요성을 해결하기 위해 설립된 Kate Farms는 현재 1,400개 이상의 미국 병원에서 제품을 제공하며 전문 영양 분야의 주요 플레이어로 성장했습니다. 회사 제품은 메디케어, 메디케이드, 민간 보험, WIC를 포함한 33개 이상의 주에서 보험 적용 대상입니다. 이번 인수는 다논의 Renew 전략과 부합하며, 2024년 보고된 274억 유로 매출을 기반으로 합니다.
- 미국 전문 영양 시장에서 다논의 입지를 강화하는 인수
- 의사 추천 1위 식물성 브랜드와 다논 기존 영양 포트폴리오의 통합
- 1,400개 이상의 미국 병원에 걸친 확장된 유통망
- 메디케어, 메디케이드, WIC 포함 33개 이상 주에서 강력한 보험 적용
- 성공적인 Kate Farms 경영진 유지로 연속성 확보
Danone (OTC:DANOY) a finalisé avec succès l'acquisition d'une participation majoritaire dans Kate Farms, la principale marque de nutrition à base de plantes recommandée par les médecins aux États-Unis. Cette acquisition stratégique renforce le portefeuille de nutrition spécialisée de Danone en Amérique du Nord en combinant Kate Farms avec ses marques existantes Nutricia, Real Food Blends et Functional Formularies.
Brett Matthews, ancien PDG et président de Kate Farms, assumera immédiatement les fonctions de président et PDG de l'entreprise fusionnée. L'intégration vise à étendre l'accès à la nutrition spécialisée via divers canaux, notamment les hôpitaux, les domiciles, les plateformes en ligne et les rayons des magasins.
Fondée pour répondre à un besoin crucial de formule d'alimentation entérale sans allergènes, Kate Farms est devenue un acteur majeur de la nutrition spécialisée, avec des produits disponibles dans plus de 1 400 hôpitaux américains. Les produits de l'entreprise sont éligibles à la couverture d'assurance via Medicare, Medicaid, les assurances privées et le programme WIC dans plus de 33 États. Cette acquisition s'inscrit dans la stratégie Renew de Danone et s'appuie sur un chiffre d'affaires existant de €27,4 milliards pour 2024.
- L'acquisition renforce la position de Danone sur le marché américain de la nutrition spécialisée
- L'intégration combine la marque végétale n°1 recommandée par les médecins avec le portefeuille nutritionnel existant de Danone
- Réseau de distribution étendu dans plus de 1 400 hôpitaux américains
- Couverture d'assurance solide incluant Medicare, Medicaid et WIC dans plus de 33 États
- Maintien de l'équipe de direction performante de Kate Farms pour assurer la continuité
Danone (OTC:DANOY) hat erfolgreich die Übernahme einer Mehrheitsbeteiligung an Kate Farms abgeschlossen, der führenden von Ärzten empfohlenen pflanzenbasierten Ernährungsmarke in den Vereinigten Staaten. Die strategische Übernahme stärkt Danones Portfolio für spezialisierte Ernährung in Nordamerika, indem Kate Farms mit den bestehenden Marken Nutricia, Real 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 Ernährung über verschiedene Kanäle wie Krankenhäuser, Haushalte, Online-Plattformen und Einzelhandelsregale zu erweitern.
Kate Farms, gegründet zur Deckung eines kritischen Bedarfs an allergenfreier Sondenernährungsformel, hat sich zu einem wichtigen Akteur im Bereich der spezialisierten Ernährung entwickelt, mit Produkten, die in über 1.400 US-Krankenhäusern verfügbar sind. Die Produkte des Unternehmens sind in mehr als 33 Bundesstaaten durch Medicare, Medicaid, private Versicherungen und WIC versicherungsfähig. Diese Übernahme steht im Einklang mit Danones Renew-Strategie und baut auf den bestehenden Umsätzen von €27,4 Milliarden für 2024 auf.
- Übernahme stärkt Danones Position im US-Markt für spezialisierte Ernährung
- Integration vereint die von Ärzten am meisten empfohlene pflanzenbasierte Marke mit Danones bestehendem Ernährungsportfolio
- Erweitertes Vertriebsnetz in über 1.400 US-Krankenhäusern
- Starke Versicherungsschutz, einschließlich Medicare, Medicaid und WIC in über 33 Bundesstaaten
- Beibehaltung des erfolgreichen Managementteams von Kate Farms sichert Kontinuität
- None.
- Integration risks associated with combining multiple nutrition brands
- Potential challenges in maintaining multiple brand identities within combined portfolio
Press release – 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, Real 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’s newly enhanced medical nutrition business will boost availability and improve access to specialized nutrition – whether in hospitals, at home, online, or on shelf – meeting people wherever they are on their health journey.
As previously announced, Danone 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 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 – 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. 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 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."
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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 “estimate”, “expect”, “anticipate”, “project”, “plan”, “intend”, “objective”, “believe”, “forecast”, “guidance”, “foresee”, “likely”, “may”, “should”, “goal”, “target”, “might”, “will”, “could”, “predict”, “continue”, “convinced” and “confident,” 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’s 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 “Risk Factor” section of Danone’s Universal Registration Document (the current version of which is available at www.danone.com).
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)
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†. 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 www.katefarms.com.
Former minority investors in Kate Farms include Novo Holdings, Goldman Sachs, Kaiser Ventures, Main Street Advisors, Coefficient, Aliment Capital, and Ithaka.
†WIC is a registered service mark of the U.S. Department of Agriculture for USDA’s Special Supplemental Nutrition Program for Women, Infants, and Children.
*Among surveyed doctors recommending plant-based nutrition products.
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