Glanbia acquires Optimum Nutrition
This article was originally published in The Tan Sheet
Executive SummaryWith its $315 million purchase of sports nutritional supplement firm Optimum Nutrition, Kilkenny, Ireland-based Glanbia continues to internationalize its business, according to an Aug. 25 release. Glanbia Group Managing Director John Moloney says the deal gives Glanbia "a leading position of scale in a fast- growing segment of the nutrition market." Optimum Nutrition brands such as Gold Standard 100% Whey also bring Glanbia "up the value chain into consumer markets," Moloney says. In September 2006, the firm expanded its U.S. presence by acquiring nutritional products business Seltzer Companies (1"The Tan Sheet" Sept. 11, 2006, In Brief)
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