Last checked at 26 Jul 2012 07:00
Glanbia acquires US beverage manufacturer and co packer for US$60 million
Expanding Glanbia Nutritional Ingredient Technologies solutions capability and customer base
in high value growth markets
26 July 2012 Glanbia, the international nutritional solutions and cheese Group, today announced that it has acquired Aseptic Solutions Inc ("ASI"), USA, for a total consideration of [US$60 million] (€50 million). The acquisition is funded through Glanbia's existing banking facilities.
ASI was founded in 2004 and is a manufacturer and co-packer of nutritional and dietary beverages including vitamin shots, protein shakes and 100% natural fruit juices. The business operates from a state-of-the-art facility in Corona, California and employs 175 people. Its technology is designed to manufacture a better tasting and longer lasting product and allows the processing and packaging of liquid foods to be safe, fresh and flavourful without the use of preservatives, serving customers in both the Retail and Multi Level Marketing sectors.
The acquisition of ASI is aligned with Glanbia'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.
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For further information contact Glanbia plc on +353 56 777 2200
Investor Relations - Siobhan Talbot, Group Finance Director
Media - Geraldine Kearney, Group Corporate Communications Director + 353 87 231 9430