Irish global nutrition group Glanbia has announced that it has signed an agreement to sell weight management brand SlimFast US to Heartland Food Products Group, a US-based leader in the consumer-packaged goods industry, for an undisclosed sum. The existing Heartland Food Products Group portfolio features Splenda, a zero-calorie sweetener brand offering stevia and monk fruit in powder and liquid form, as well as coffee creamers, nutrition shakes and water enhancers. …
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Glanbia
Irish global nutrition group Glanbia has signed an agreement to acquire Florida-based SlimFast, a leading weight management and health & wellness firm, for $350 million. The deal also includes SlimFast’s sister company HNS. The SlimFast portfolio includes ready-to-drink and ready-to-mix products as well as a new Advanced Nutrition range of meal replacement shakes and smoothies and registered $212 million of net sales in 2017. Glanbia group managing director said: “I am pleased to announce …
Global nutrition firm Glanbia has announced its expansion in the supplements space with the acquisition of US firm Amazing Grass and Dutch firm Body & Fit. Glanbia said it was investing approximately €181 million to buy the two businesses, which it described as “having a strong strategic fit with Glanbia’s Performance Nutrition (GPN) division” and as allowing it to “extend its reach to new consumers and channels”. Amazing Grass has …
Global nutrition firm Glanbia has announced that it is to acquire the US functional snack bar firm ThinkThin for $217 million. ThinkThin offers a range of protein enriched bars targeted at lifestyle consumers, primarily distributing its products in food, natural and mass retail channels in the US, Glanbia said in a statement. Net sales for the 12months to the end of September 2015 were $84 million, and the company saw a …
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