Danone Bolsters US Medical Nutrition Business
June 14
09:53
2010
Danone is acquiring Medical Nutrition USA for $ 62m in cash. 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. MNI, which had revenue of $16m last year, will become part of Danone’s medical nutrition division. Danone’s North American medical nutrition business, Nutricia North America, had sales of $70m in 2009.
