Glanbia, a nutritional company that operates worldwide has acquired thinkThin LLC, LA based manufacturer of protein bar range for the exchange of USD 217 million. thinkThin mainly distributes the products through food, natural and mass retail channels across the United States. The acquisitions of thinkThin will boost the existence of the Glanbia Performance Nutrition within the bar product range and expand the segment revenue from USD 2.8 billion (U.S retail).
The company thinkThin also provides a base for the entry in the ‘better for you’ snacking options and foster the Glanbia’s portfolio in performance nutrition in its existing channel. The net sales of the thinkThin for a period of 12 months ended in September 2015 was USD 84 million, and is growing with CAGR of 31% from the previous three years, as per the company thinkThin.
Glanbia Plc. is the global nutrition leader that operates into the sports nutrition, lifestyle nutrition products, diary & non diary food products, vitamin & mineral premixes, animal nutrition, fertilizer, and related products that aims towards providing better nutrition to the human and animals. The company was found in 1997 with headquarters in at Kilkenny, Ireland and have around 6900 employees from 34 different countries