Danone plans to acquire formula maker Kate Farms The deal is subject to regulatory approval12 May 2025 12 May 2025 2 minute read 2 minute read By: By: Global Ag Media Europe North AmericaDanone said on Monday it has agreed to buy a majority stake in Kate Farms, a US maker of plant-based organic drinks that will fit into the French food giant's specialised nutrition portfolio, reported Reuters. 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. Kate Farms has previously raised money from investors such as Goldman Sachs Asset Management and Main Street Advisors. 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.