LactaLogics invests in energy updates
Port St. Lucie-based manufacturer LactaLogics will soon have a lower environmental impact because of energy-efficiency updates to its manufacturing site and headquarters. The donor-based, non-perishable breast milk supplier renovated its existing medical warehouse into a 71,000-square-foot, high-tech manufacturing facility. LactaLogics recently closed on $9.1 million in C-PACE financing from Milwaukee-based PACE Equity, which will save over 66,700 metric tons of carbon emissions.
LactaLogics is a donor-based, non-perishable breast milk supplier that provides human milk-based nutrition to premature and at-risk infants. Fueled by technology, LactaLogics has planned significant capital and equipment investments to renovate the existing medical warehouse into a 71,000-square-foot high-tech manufacturing facility.
“The renovated LactaLogics facility will provide significant economic and environmental impact in St. Lucie County,” said Beau Engman, President and founder of PACE Equity. “With our financing, LactaLogics will not only reduce its carbon footprint but will also save money through lower-rate financing and energy bill reductions.”
“Our mission to bring more human milk to babies has been directly supported by our experience with PACE Equity,” said Glenn Snow, CEO of LactaLogics. “Their ability to finalize our capital stack with organization and responsiveness has helped pave the way for implementing efficient human milk processing technology at our facility. Thanks to PACE Equity, we’re poised to deliver a reliable supply of critical nutrition for babies.”
For more information on C-PACE funding and PACE Equity’s financial solutions, visit pace-equity.com
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