Danone Acquires Majority Stake in Kate Farms for Growth

Danone has agreed to acquire a majority stake in US plant-based company Kate Farms, enhancing its infant formula offerings. The financial terms remain undisclosed, but the acquisition aims to expand Danone’s presence in the dairy-free market and improve its specialized nutrition portfolio.

Original excerpt: Danone is looking to expand its US footprint and dairy-free portfolio with a deal to acquire plant-based firm Kate Farms…

Source: Green Queen