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New Deal


Announced

Completed

ByHeart completed the acquisition of the Allerton domestic infant formula manufacturing facility from DFA.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

United States

Completed

Food Products

Acquisition

Domestic

manufacturing facility

Friendly

Single Bidder

Synopsis

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ByHeart, an infant nutrition company, completed the acquisition of the Allerton domestic infant formula manufacturing facility from Dairy Farmers of America, a dairy cooperative. Financial terms were not disclosed. "Infant formula is a fundamental category and often the sole source of nutrition for babies. Since our launch, we've seen incredible demand for our product; the outpouring of positive feedback from ByHeart customers strengthened our conviction to double down on our supply chain in order to provide families with safe and reliable nourishment for their babies. When we started ByHeart seven years ago, we committed to taking the longer path and building from the ground up to serve as an example for how this industry can and should evolve. By acquiring these additional facilities, we are not only providing critical product to more families, but also further strengthening the vulnerable infant formula supply chain in this country," Ron Belldegrun, ByHeart CEO and Co-Founder.

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