Saturday, December 15, 2018
 Glanbia to Expand Nutritional Portfolio with thinkThin Deal  

Glanbia is bulking up its US business with the $217 million purchase of a protein bar company. The firm will acquire thinkThin in a deal that analysts say will boost its mass market appeal, and provide another outlet for the company’s whey protein products.


ThinkThin, a California-based company, has a range of protein bars targeted at lifestyle consumers that will add to Glanbia’s existing range of fitness nutrition products.


“As a premium lifestyle nutrition product with very strong brand equity, thinkThin represents an excellent strategic addition to our portfolio of market leading performance nutrition brands,” said Siobhan Talbot, group managing director for Glanbia. “The transaction is firmly aligned with our overall growth ambitions and positions us well in the fast growing nutrition bar category as well as being value enhancing for our shareholders.”


The acquisition will increase Glanbia’s presence in the nutrition bar category, which is currently valued at $2.8 billion, according to the company. The transaction subject to regulatory approval and is expected to be completed by the end of the year.


Source: The Irish Times


Posted on Friday, November 20, 2015 (Archive on Friday, November 27, 2015)
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