Swander Pace Capital Completes Sale of Functional Formularies to Danone [Yahoo! Finance]
DANONE S/ADR (DANOY)
NASDAQ:AMEX Investor Relations:
danone.com/en/for-you/investors/investor-center/investor-relations-contacts
Company Research
Source: Yahoo! Finance
companies, today announced the sale of Functional Formularies, a leading provider of organic, whole food, shelf-stable feeding tube formulas, to Danone. Since being acquired by SPC in November of 2018, Functional Formularies has benefited from significant investments in sales, innovation, and operational infrastructure, substantially strengthening the platform and setting the stage for continued growth. "It was a pleasure to work with the Functional Formularies team; their hard work and dedication enabled a fantastic result," said Mo Stout, Managing Director at SPC. "This is a great example of SPC's ability to partner with management teams to help accelerate growth and build value. We wish the Functional Formularies team all the success going forward and are confident they will continue to deliver results for patients and families for many years to come." "I am so proud of our team's ability to deliver high quality ingredients to help with improved patient outcomes," said Marc Gib
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