News Formal

Irish co-founded infant formula firm Bobbie raises $70m, makes first acquisition

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 71%

United States News News

United States United States Latest News,United States United States Headlines

Company led by Irish woman Laura Modi, has developed a European-style formula recipe it says is modelled on breast milk

Bobbie, the Irish co-founded start-up which has developed a healthier infant formula for the north American market, is closing a $70 million investment round with funds to be used to acquire Nature’s One, a paediatric nutrition company.

The acquisition, the exact price of which has not been disclosed, provides Bobbie with end-to-end control over formula manufacturing through a new manufacturing facility. It also triples the size of its operations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Irish co-founded infant formula firm Bobbie raises $70m, makes first acquisitionCompany led by Irish woman Laura Modi, has developed a European-style formula recipe it says is modelled on breast milk
Source: businessposthq - 🏆 8. / 71 Read more »

Irish software company Propylon acquired in €30m dealLondon-listed RWS Holdings snaps up Dublin-based firm
Source: businessposthq - 🏆 8. / 71 Read more »