Danone Acquires Tube Feeding Business

Danone has completed the acquisition of Functional Formularies, a US whole foods tube feeding business, from Swander Pace Capital.

As part of the Renew Danone strategy, this acquisition strengthens Danone’s Medical Nutrition portfolio in the US by further expanding its enteral tube feeding ranges.

“As a global leader in Medical Nutrition, we are delighted to welcome Functional Formularies to Danone," said Juergen Esser, Deputy CEO and CFO, Danone. "We are confident that with the addition of the greatly differentiated product portfolio of Functional Formularies, which complements our existing Real Food Blends branded range, we are even better positioned to support the nutritional needs of tube-fed families and patients.”

Functional Formularies is a leading provider of organic, whole food, shelf-stable feeding tube formulas. The company offers alternatives to traditional feeding tube formulas. Liquid Hope and Nourish are nutritionally complete, plant-based, and USDA-certified organic. Functional Formularies services institutional customers in hospital and long-term care settings and retail customers online throughout the US and Canada.