Wednesday, 1st August 2012
Glanbia acquires US beverage manufacturer and co packer for US$60 million
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.
Letters to the Editor
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Once in a blue moon. As rare as hen's teeth. A Government success. Each of those three sentences are as unusual and as rare as each other. But the last one seems to be about to take place. The Government has announced that it plans to give each child in the State a second year of free pre-school. It might not sound like earth shattering news but if it does happen then it could be one of the most significant things that this Government has done since it took office. Any money that is given over to education is a …
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