Danone Focuses On Strongest Unit By Expanding Medical Nutrition Arm

French food giant Danone has announced that it is to buy Delaware-based supplement maker Medical Nutrition US (MNI) for US$62mn. The business will become part of Danone's medical nutrition arm and fits with Danone's strategy of pursuing bolt-on acquisitions in the high growth functional food segment. The sector has proven to be particularly recession-proof over the last 12 months and offers distinct advantages over Danone's other major businesses which have recently come under

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