Sector News

Glanbia acquires sports nutrition specialist Isopure for $153m

September 12, 2014
Food & Drink
KILKENNY-based food firm Glanbia has acquired US sports nutrition specialist Isopure for $153m (€118m). 
 
The business focuses on specialist sports powders and ready to drink formulas with sales mainly online and through direct distribution channels.
 
“As a premium brand, the Business is an excellent addition to our portfolio of market leading performance nutrition brands and provides an opportunity to leverage our infrastructure and capabilities to drive future growth,” said Siobhan Talbot, chief executive at Glanbia.
 
“The transaction, which is firmly aligned with the Group’s strategy, supports our growth ambitions and will be value enhancing for our shareholders.”
 
Isopure generated net revenues of $74.6m for the 12-month period to the end of July.
 
Davy Stockbrokers said: “This represents a CAGR of 20pc for the period from end December 2011 to end July 2014.
 
“The acquisition is expected to be earnings accretive from 2015 and will be funded from the group’s existing debt facilities.”
 
By Ailish O’Hora
 

comments closed

Related News

June 3, 2023

Changing of the guard at consumer goods companies: New finance chiefs for Nestlé and Unilever

Food & Drink

After eight years with Nestlé, François-Xavier Roger, executive vice president and chief financial officer (CFO), has decided to leave the company to pursue new professional challenges, making way for finance boss Anna Manz. Meanwhile, Unilever announced that Graeme Pitkethly, CFO, will retire by the end of May 2024, and the hunt is on for his successor.

June 3, 2023

Bacardi appoints new director to board

Food & Drink

International spirits company Bacardi Limited has announced the appointment of Alicia Enciso to its board of directors. Enciso joins with more than 30 years of experience with multinational Fortune 100 Companies in the food and beverage sector with roles as general manager, president, chief marketing officer and e-business officer.

June 3, 2023

What’s bubbling in beverages? Novel sensations, sugar reduction, botanicals and bold colors drive innovation

Food & Drink

According to Innova Market Insights, when it comes to beverages, consumers are willing to pay more for what they value most, despite rising inflation. Additionally, consumers want brands that respond to their core values and have the benefits they seek, such as sustainability and functional ingredients.

How can we help you?

We're easy to reach