Monday, March 19, 2018
 Glanbia buys Aseptic Solutions for $60m  

Irish nutritional solutions and cheese group Glanbia has acquired US-based Aseptic Solutions (ASI) for a total consideration of $60m (EUR50m).

The acquisition, funded through Glanbia's existing banking facilities, is aligned with the company's nutritionals growth strategy and will strengthen Glanbia Nutritional Ingredient Technologies by expanding its end-to-end solutions capability as an ingredients supplier, formulator and end product manufacturer.

Aseptic Solutions capability is focused on key high growth trends in nutritional markets for sustainable, natural foods with nutrient integrity.

The acquisition enhances the Glanbia portfolio by complementing and enhancing existing ingredient solution capabilities.

Founded in 2004, Aseptic Solutions is a manufacturer and co-packer of nutritional and dietary beverages including vitamin shots, protein shakes and 100% natural fruit juices. The business has its operations in Corona, California and employs 175 people.

Aseptic Solutions' technology is designed to manufacture products with safe processing and packaging of liquid foods without the use of preservatives, serving customers in both the retail and multi level marketing sectors.

Source: Energy Sports Drinks


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