French dairy group Danone is to buy protein supplement maker Medical Nutrition USA, or MNI, for US$62m.

Danone said MNI will become part of its North American medical nutrition business Nutricia North America, which is based in Maryland.Danone's Nutricia North America arm generated $70m in sales in 2009. MNI's revenues in the fiscal year to the end of January stood at $16m.

source: just-food.com