MergerLinks Header Logo

Announced

Completed

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

Synopsis

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.

Show Details & Financials

Market Context

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US