FDBusiness.com

Glanbia Acquires Sports Nutrition Brand

 Breaking News
  • £3.7 Billion Worth of Discounts Disappear From UK Supermarket Shelves as Promotions Fall to Lowest Levels in 10 Years The pressure on UK retailers to be more transparent in their pricing has seen the number of trade promotions fall to their lowest levels for 10 years, and in 2017, shoppers will receive £3.7 billion less in promotional savings. This is according to a new report by IRI, the provider of big data and predictive analytics [...]...
  • Whisky, Tequila and Gin to Drive Global Spirits Category Growth to 2021 Just released data from the IWSR 2017-2021 Forecast suggests global volumes of whisky, gin and tequila are expected to make gains of 55.2m, 7.1m and 5.8m nine-litre cases respectively over the next five years, following their rapid growth in 2016. These categories together with baijiu (+48.2m cases between 2016 and 2021), will contribute the most in the [...]...
  • Huge Export Win to China For UK Food Producers A new export deal with China will bring a £200 million boost to the UK food industry and support 1,500 jobs. Taking advantage of the growing demand for UK and drink in China, seven new businesses in England and Northern Ireland have secured access to export pork – including three producers who, in a first [...]...
  • CSM Bakery Solutions Closes Sale of BakeMark Business CSM Bakery Solutions, a global leader in bakery ingredients, products and services, has completed the sale of its BakeMark business to private equity firm Pamplona Capital Management. The sale of BakeMark, which was announced mid-July, is an important element in CSM’s decision to focus on their core business in Europe and North America. “Completing the sale [...]...
  • Needham Coding Ireland to Show Own Brand ‘N’ Series CIJ Printers For the First Time Newly established business, County Westmeath-based Needham Coding Ireland Limited, which was formed following a merger between The Needham Group and long-standing Irish distributor, Advanced Coding Solutions (ACS), will be highlighting a wide range of continuous ink jet (CIJ), thermal ink jet (TIJ) and laser coding and marking equipment, and associated printer inks and makeup at [...]...
  • Mars Food Expands its Portfolio With Acquisition Mars Food, part of Mars Incorporated, is acquiring Preferred Brands International, a US-based, fully integrated manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite® brand. Tasty Bite’s® portfolio includes a wide range of vegetarian offerings, including Indian/Asian entrees, spice and simmer meal kits, and organic rice and [...]...

Glanbia Acquires Sports Nutrition Brand

Glanbia Acquires Sports Nutrition Brand
September 22
11:46 2014

Glanbia, the global performance nutrition and ingredients group, has agreed to acquire The Isopure Company for cash consideration of US$153 million (Eur120 million) in cash. Isopure is a US-based provider of premium branded sports nutrition products. The business focuses on powders and ready-to-drink (RTD) formats, primarily through the specialty, internet and direct distribution channels. Isopure generated net revenues of US$74.6 million for the twelve month period to the end of July. This represents a CAGR of 20% for the period from end December 2011 to end July 2014.

Isopure’s premium brand complements the portfolio of Glanbia’s Global Performance Nutrition (GPN) business and the acquisition further consolidates GPN’s market leading position. The acquisition is expected to be earnings accretive from 2015 and will be funded from Glanbia’s existing debt facilities.

It is anticipated that the transaction will complete in the fourth quarter of 2014 subject to customary completion conditions and regulatory approval.

Siobhán Talbot, Group Managing Director of Glanbia, comments: “As a premium brand, the business is an excellent addition to our portfolio of market leading performance nutrition brands and provides an opportunity to leverage our infrastructure and capabilities to drive future growth. The transaction, which is firmly aligned with the Ggroup’s strategy, supports our growth ambitions and will be value enhancing for our shareholders.”

Glanbia comprises of four business segments – Global Performance Nutrition, Global Ingredients, Dairy Ireland and Joint Ventures & Associates. The Group employs over 5,000 people in 32 countries. Glanbia shares are listed on the Irish and London Stock exchanges.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements