PARIS — Danone SA is acquiring Kate Farms, Santa Barbara, Calif., a manufacturer of formulas and shakes for everyday and specialized medical needs. Terms of the acquisition were not disclosed.  

“This partnership aligns perfectly with our science-based and patient-centered approach to specialized nutrition, and it marks another important milestone in Danone’s 125-year Specialized Nutrition history,” said Shane Grant, group deputy chief executive officer and CEO of the Americas for Danone. “Kate Farms’ innovative medical nutrition products expand our offerings, enhance our ability to provide better solutions for people with wide-ranging health needs, and support healthier lives, both in the US and globally.”

Following the closing of the transaction, Brett Matthews, CEO of Kate Farms, will serve as chairman and CEO of Danone’s North American Medical Nutrition business. Kate Farms’ senior management also will retain a minority stake in the combined business.

“Kate Farms is focused on helping people live their best lives through quality nutrition,” Matthews said. “We are excited to be working alongside Danone, who share our mission.”