ByHeart, a New York-based infant nutrition company, has bought the Allerton, Iowa infant formula manufacturing facility from DairiConcepts, a wholly-owned subsidiary of Dairy Farmers of America.
The purchase of the new facility aims to help the company scale the production capacity of its infant formula and drive domestic infant formula supply. ByHeart will be maintaining the facility’s workforce and expanding its benefits to all existing employees. The acquisition follows ByHeart’s recent acquisition of Cascadia Nutrition. Together, these facilities and the company’s manufacturing plant in Reading, Pa., look to provide ByHeart with the manufacturing capacity to reach its goal of feeding approximately 500,000 infants each year.
“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,” says Ron Belldegrun, ByHeart CEO and co-founder.