Danone agreed to buy Huel in March.
The company owns a portfolio of products in the UK, including baby milk brands Aptamil and Cow & Gate, yoghurt brands Activia and Actimel, and water brands Evian and Volvic.
The Huel brand has seen rapid growth over the years, expanding its range to include ready meals, nutrition bars, and health drinks, all of which are plant-based.
Dragons’ Den star and podcaster Steven Bartlett was previously a director of the nutrition brand.
The company has previously got into hot water with the UK advertising watchdog, which has banned some of its adverts for making “misleading” claims.
Danone said the company welcomed the CMAs approval of the proposed acquisition, which marked an important milestone.
A spokesperson said: With our mission to bring health through food to as many people as possible, and our long-standing heritage in functional nutrition, Huel’s expertise in complete nutrition is set to be a strong complement to our portfolio. “The transaction remains subject to final completion.”
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