Glanbia Completes $217 Million Acquisition
December 14
12:33
2015
Glanbia, the global nutrition group, has completed its $217 million acquisition of thinkThin, a US-based producer of protein enriched bars targeted at lifestyle consumers. ThinkThin primarily distributes its products in food, natural and mass retail channels in the US. Net sales for the twelve months to the end of September 2015 were $84 million, with a compound average growth rate for the previous three years of 31%. The deal strengthens Glanbia’s portfolio of market leading performance nutrition brands.
ThinkThin will increase Glanbia Performance Nutrition’s (GPN) presence in the bar category and provide exposure to the rapidly expanding nutrition bar segment, which is currently valued at $2.8 billion in US retail.
