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U.S. Protein Supplement Maker Acquired By Danone

June 11, 2010: 01:33 AM EST
Global food company Danone says it will pay about $62 million in cash to acquire Medical Nutrition USA, a provider of protein supplement and wound care support products. MNI pioneered liquid protein supplements for the elderly in the U.S. in 2003. Danone said MNI's organization and products will be folded into Danone's $70 million medical nutrition division, headquartered in Rockville, Md. MNI’s sales in 2009 were $16 million. According to Danone, “MNI has developed a solid access to the very promising long term care channel while its Nutricia products in the U.S. are mainly aimed at infants and distributed in pharmacies.” The deal is expected to close in the current calendar quarter, Danone said.
Danone, "Danone to Acquire Medical Nutrition USA, Inc.", Danone website, June 11, 2010, © Danone
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