Infant formula company Bobbie takes in $70M to acquire Nature’s One

Bobbie, an organic infant formula company, has acquired Nature’s One, a 26-year-old pediatric nutrition company, in a move that gives Bobbie end-to-end control over formula manufacturing through a new facility and triples the size of Bobbie’s operations.
Laura Modi, co-founder and CEO of Bobbie, declined to disclose the financial terms of the deal, but did say the acquisition makes good on Bobbie’s $100 million White House commitment, made in September, that it would invest to domestically increase access to the infant formula supply chain and industry. This comes one year after a nationwide i

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