Latest news with #KateFarms'
Time of India
13-05-2025
- Business
- Time of India
Danone plans to acquire U.S. plant-based organic formula maker Kate Farms
HighlightsDanone, the French food giant, has agreed to acquire a majority stake in Kate Farms, a U.S. producer of plant-based organic drinks that caters to specialized nutrition needs. Kate Farms, founded in 2012 by Richard and Michelle Laver, offers formulas and shakes designed for individuals with health conditions, including those requiring tube feeding. The deal, which is subject to regulatory approval, will see Kate Farms' CEO, Brett Matthews, taking on the role of chairman and CEO of Danone's North American Medical Nutrition business. Danone said on Monday it has agreed to buy a majority stake in Kate Farms , a U.S. maker of plant-based organic drinks that will fit into the French food giant's specialized nutrition portfolio. Santa Barbara, California-based Kate Farms makes formulas and shakes for everyday needs as well as for tube feeding for people with health conditions. Richard and Michelle Laver founded the company in 2012 after their daughter Kate, who has cerebral palsy, had difficulties with eating. Their products are sold to hospitals and consumers across the country. "We consider Kate Farms very complementary to our specialized nutrition offerings and capabilities, which we believe will allow us to reach more consumers and patients and bring a high-quality new standard of care to more people with a wider variety of health needs," Danone Group Deputy CEO Shane Grant said in an interview. "It's a really important build for us in the U.S." The size of the majority stake and financial terms were not disclosed. Paris-based Danone, which owns yogurt brand Activia, plant-based milk brand Silk and Evian water, signaled its interest in acquisitions after it reported strong 2024 earnings in February. Kate Farms has previously raised money from investors such as Goldman Sachs Asset Management and Main Street Advisors. In 2022, it raised $75 million in a Series C growth capital round. Kate Farms' senior management will retain a minority stake in the business, and its CEO, Brett Matthews, will serve as chairman and CEO of Danone's North American Medical Nutrition business. Danone has been operating in the U.S. since 1942, and now has more than 5,000 U.S. employees and 13 U.S. manufacturing facilities and one research and development hub. It has a market value of about $57 billion. The deal is subject to regulatory approval.
Agriland
12-05-2025
- Business
- Agriland
Danone acquires US plant-based nutritional formulas company
Danone has announced today (Monday, May 12) that it has entered into a definitive agreement to acquire a majority stake in Kate Farms, a fast-growing US business offering plant-based, organic nutrition products for both medical and everyday needs. Kate Farms' products are expected to enhance Danone's specialised nutrition offerings. According to Danone, the partnership builds on Danone and Kate Farms' shared commitment to offer nutritional solutions that positively impact people's health, and their continued efforts to support improved standards of care to better serve communities in the US. The acquisition means that Kate Farms' products will reach more consumers and patients, which Danone has stated will bring high-quality nutrition to more people with a wide range of health needs. Following the closing of the transaction, Kate Farms' chief executive officer, (CEO) Brett Matthews, will serve as chair and CEO of Danone's North American Medical Nutrition business. Kate Farms' senior management will retain a minority stake in the combined business. The transaction remains subject to closing conditions, including regulatory approval. Matthews said: 'Kate Farms is focused on helping people live their best lives through quality nutrition. We are excited to be working alongside Danone, who share our mission. 'We are both focused on going above and beyond to help people with health needs and the medical professionals supporting those needs in the US. 'Together, we can bring our innovative scientifically developed nutritional products to more and more people. Building on Danone's expertise, we can also expand internationally. 'It is rare that two companies come together by virtue of the same values and a philosophy of building a growth company that helps people live their best lives, delivered by team members who show their heart and expertise every day,' he added. Danone Group deputy CEO, and CEO Americas, Shane Grant added: 'This partnership aligns perfectly with our science-based and patient-centred approach to specialised nutrition, and it marks another important milestone in Danone's 125-year specialised nutrition history. 'Kate Farms' innovative medical nutrition products expand our offerings, enhance our ability to provide better solutions for people with wide-ranging health needs, and support healthier lives, both in the US and globally. 'With a deep 80-year heritage and over 5,000 team members in the US, Danone has built a thriving local presence across the country. 'This new partnership further builds on that footprint and enhances our commitment to the growth of our communities.' Danone Danone is a global food and beverage company operating in three health-focused, fast-growing and on-trend categories: Essential dairy and plant-based products; waters; and specialised nutrition. 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 €27.4 billion in sales in 2024. Danone's portfolio includes leading international brands – (Actimel; Activia; Alpro; Aptamil; Danette; Danio; Danonino; evian; Nutricia; Nutrilon; Volvic; among others) as well as local and regional brands including: AQUA; Bledina; Bonafont; Cow & Gate; Mizone; Oikos; Silk. Kate Farms 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 idea to develop a formula using high-quality, organic, and plant-based ingredients without the common allergens and ingredients often found in traditional formulas. 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 in 33+ states. All formulas and shakes are made with organic pea protein, fibre, and phytonutrients, and without the top nine allergens, artificial sweeteners, colours, or flavours.
Yahoo
19-02-2025
- Health
- Yahoo
Kate Farms Introduces Pediatric Peptide 1.0 in an Organic Natural Strawberry Flavor
GOLETA, Calif., Feb. 19, 2025 /PRNewswire/ -- Kate Farms, the #1 recommended plant-based brand*, is thrilled to introduce a new organic, natural strawberry flavor for their Pediatric Peptide 1.0 formula. This new flavor offers a delicious, high-quality nutrition option to children with impaired gastrointestinal (GI) function. "Peptide formulas are often used when GI function isn't working properly, but many lack the taste and high-quality ingredients parents want," said Brett Matthews, CEO of Kate Farms. "At Kate Farms, we've changed that. Our new organic strawberry Pediatric Peptide 1.0 formula combines a delicious flavor with trusted, plant-based, organic nutrition. Mealtimes are an expression of love, and we believe every formula should taste great, whether consumed orally or through a tube." Kate Farms Pediatric Peptide 1.0 formulas are designed for parents who want the best for their child's health journey. Providing trusted nutrition support since 2012, Kate Farms pediatric peptide formulas are thoughtfully made with high-quality ingredients and made without the top 9 allergens — because they believe your child's health is worth the attention to detail. Good nutrition should taste good, too. Designed for tube feeding and drinking, Pediatric Peptide 1.0 Strawberry features an organic natural strawberry flavor worth celebrating. The new strawberry flavor complements Kate Farms' already great-tasting Pediatric Peptide line, giving parents more options. Made without artificial sweeteners, colors, red dyes, or artificial flavors, it's a delicious choice you can trust for your child's nutrition journey. With Kate Farms, your child's nutrition choices are crafted with high-quality ingredients, guided by science, and certifiably good. Parents can feel confident knowing that every Kate Farms product is USDA Organic, Non-GMO Project Verified, and gluten free. About Kate Farms 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. Today, Kate is thriving, and Kate Farms is now the #1 recommended plant-based brand.* Kate Farms offers products for children and adults to be used as sole-source or supplemental nutrition for oral and tube feeding. They are available nationally and eligible for insurance coverage with Medicare, Medicaid, 31+ states for WIC† and private insurance. Kate Farms formulas are made with organic pea protein, fiber, and phytonutrients, and made without the top nine common allergens or artificial colors or flavors. Kate Farms can be accessed in more than 1,400 US hospitals. For more information on our full product portfolio, visit *Independent plant-based formula survey. †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. Contact:Catherine Hayden, View original content to download multimedia: SOURCE Kate Farms, Inc
