Danone acquires tube-feeding business in medical nutrition push [Yahoo! Finance]
DANONE S/ADR (DANOY)
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Source: Yahoo! Finance
The France-headquartered dairy giant has snapped up the Ohio-based company from private-equity business Swander Pace Capital for an undisclosed fee. The move has extended Danone's medical nutrition portfolio, through which it develops products for people with special medical needs, adding to its enteral tube-feeding ranges. Juergen Esser, deputy CEO and CFO at Danone, said: “We are confident that with the addition of the greatly differentiated product portfolio of Functional Formularies, which complements our existing Real Food Blends branded range, we are even better positioned to support the nutritional needs of tube-fed families and patients.” Danone's medical nutrition business is part of its wider “specialised nutrition” division, which also includes products for infants like baby food and formula. The company says medical nutrition products account for approximately 40% of the division's sales. “I am so proud of our team's ability to deliver high quality ingredients to
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