Reckitt/Mead Johnson Nutrition (MJN), a renowned producer of nutrition products, has announced a voluntary recall of select batches of Nutramigen Powder, a specialty infant formula for managing Cows Milk Allergy (CMA), from the U.S. market. The recall was prompted by concerns of potential contamination with Cronobacter sakazakii. Details of the Contamination and Recall Although the […]
Perrigo, an American Irish–registered over-the-counter pharmaceuticals manufacturer, will invest $170 million to expand and increase its infant formula manufacturing capacity and consumer choice in the US. Under the first phase of investment, Perrigo has acquired Nestlé’s Gateway infant formula facility in Eau Claire, Wisconsin, apart from the US and Canadian rights to the Good Start […]
Bobbie, an American organic infant formula company, has raised $15 million in a Series A funding round led by VMG Partners. Founded in January 2021 by Laura Modi and Sarah Hardy, Bobbie is said to have crossed $1 million in sales in the first quarter of this year. The organic infant formula company, which is […]
Reckitt Benckiser Group has agreed to divest 92% stake in Infant Formula and Child Nutrition business in China (IFCN China) to Primavera Capital Group, a Chinese investment firm, for about $1.3 billion in cash. The deal values 100% of the Chinese infant formula business at $2.2 billion. Reckitt Benckiser will retain a stake of 8% […]