Glanbia finalises acquisition of Slimfast
As part of its efforts to enter the health food segment, Irish nutrition giant Glanbia has acquired Florida-based firm SlimFast, a producer of weight management products including sweet and savoury bars, cold coffee, juices and meal replacement shakes, from the fund Kainos Capital.
The deal, valued at $350 million, also includes the sister company HNS.
Owned by Unilever up until 2014, SlimFast delivered $212 million of net sales in 2017, which will now join the €3.87 billion generated by Glanbia.
Image credits: Slimfast on Facebook
