Danone has entered into an agreement with Medical Nutrition USA Inc. Danone will pay an amount of approximately $62m in cash to MNI’s shareholders for the acquisition of 100% of the capital. MNI introduced the concept of liquid protein supplements for elderly people in the US long-term care market in 2003. The company’s flagship range of products now addresses protein supplementation and wound care support. Flemming Morgan, president of medical nutrition for Danone, said: “I’m delighted that the MNI team will be joining our medical nutrition division, including Nutricia North America. Because MNI’s competencies and successful product lines are so complementary to ours, the combination of the two businesses will reinforce Danone’s leadership in advanced medical nutrition, and allow us to expand our reach and benefit the quality of life of more patients, particularly in the US.”
Danone to acquire Medical Nutrition USA
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