When did you acquire this company?Updated 3 months ago
We just entered into an agreement to acquire our new packaging facility on December 26th! This means that going forward, we will have full ownership and oversight of our end-to-end manufacturing process. The hard part is that creating a pivotal change in this industry takes time – it can’t happen overnight (although we’re working as fast as we can). We are working diligently to get our new packaging facility up and running, while continuing around the clock work at our Reading, PA facility. We also provided the FDA a regulatory submission to complete the requirements for registering our new packager for the U.S. infant formula market. We're aiming to start shipments in the second quarter of this year. We remain steadfast in our commitment to transparency and parent partnership, and will continue to provide consistent updates.