Danone to Acquire Huel

Danone Acquires Functional Formularies from Swander Pace Capital

May 1, 2024

Food & Beverage

Danone has acquired Functional Formularies, a provider of organic, whole-food, shelf-stable feeding tube formulas, from private equity firm Swander Pace Capital. Swander Pace had owned Functional Formularies since 2018 and invested in sales, innovation, and operations to grow the business; advisors on the transaction included Lazard and Jones Day.

Danone Buys Majority Stake in Kate Farms

July 1, 2025

Healthcare Services

Danone has entered into a definitive agreement to acquire a majority stake in Kate Farms, a U.S. plant-based clinical nutrition company. After closing, Kate Farms CEO Brett Matthews will become Chairman and CEO of Danone’s North America Medical Nutrition business, while Kate Farms senior management retains a minority stake.

Nestlé Health Science to Acquire Nuun (TSG Consumer Partners Stake Sale)

May 10, 2021

Healthcare Services

TSG Consumer Partners’ partner company Nuun has entered into an agreement to be acquired by Nestlé Health Science. Terms were not disclosed, and the transaction is expected to close in the second half of 2021.

Platinum Equity Acquires Horizon Organic and Wallaby from Danone

January 1, 2024

Food & Beverage

Platinum Equity has signed and completed an agreement to acquire a majority interest in Danone's Horizon Organic and Wallaby brands, a carve-out intended to operate the brands as a standalone business. The transaction transfers ownership from Danone to Platinum Equity, positioning the organic dairy brands to benefit from Platinum's carve-out and operational expertise and to pursue growth and product innovation.

CalNutri, Inc. Acquires Assets of Health & Nutrition Technology

June 3, 2022

Food & Beverage

CalNutri, Inc., a Colfax, California-based contract manufacturer and CPG services provider, has acquired the assets of Health & Nutrition Technology (HNT), the maker of the Health One meal replacement and provider of medically supervised weight-management programs. The acquisition transfers the Health One product line and related assets to CalNutri, enabling the buyer to expand its product portfolio, manufacturing and distribution footprint in the health & wellness food segment.

Unilever Acquires Personal Care Brand Wild

April 1, 2025

Consumer Products

Unilever has acquired Wild, a UK-founded digitally native personal care brand known for refillable, plant-based deodorants, lip balms and bodycare products. The acquisition — terms undisclosed — is intended to strengthen Unilever's premium and sustainable personal care portfolio and accelerate Wild's growth across DTC, retail and international markets.