Glanbia announces acquisition of Illinois based Optimum Nutrition - a manufacturer of nutritional supplements for the sports sector - for $315 million
Aug 25th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Glanbia plc, the Irish international cheese and nutritional ingredients Group, today announced the acquisition of Illinois based Optimum Nutrition, Inc. - a manufacturer of nutritional supplements for the sports sector, with what it says are some of sports nutrition’s most trusted brands in the USA – including ‘Optimum Nutrition’ , ‘Gold Standard 100% Whey’ and ‘ABB’. The total consideration for the acquisition is $315 million (€213 million). The business is being acquired on a debt free basis and will be funded from Glanbia’s existing resources.