MIAMI, FL - Smart for Life, Inc. (NASDAQ:SMFL), a player in the Health & Wellness sector, has announced the appointment of Loren Brown to its Board of Directors. The company, which specializes in marketing and manufacturing nutritional supplements and foods, is looking to leverage Brown's extensive experience in the industry to enhance its acquisition strategy.
Brown, who currently serves as the Director of Business Development for SGS / Nutrasource Diagnostics, brings over a decade of experience in regulatory compliance, product development, and testing solutions for dietary supplements. His background includes roles in global contract research organizations and as the Associate Director of Business Development at Burdock Group.
CEO Darren Minton expressed confidence in Brown's abilities to strengthen the company's position in the market and to contribute to the successful completion of mergers and acquisitions.
In his remarks, Brown highlighted the growth potential of the Health & Wellness market and expressed enthusiasm about contributing to Smart for Life's strategic planning and expansion efforts.
Smart for Life is executing a Buy-and-Build strategy, aiming to create a vertically integrated company through serial accretive acquisitions.
This strategy is part of a broader restructuring plan which includes recapitalization with equity and debt financings, the sale of non-performing assets, and the potential sale and leaseback of the company's manufacturing facility.
The information in this article is based on a press release statement from Smart for Life, Inc.
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