IRELAND: Glanbia forms UK nutrition arm
Irish food group Glanbia has snapped up UK beverage group Pro-Fibe Nutrition in a move to boost its presence in the nutrition sector.
The deal, announced today (21 June) will see Pro-Fibe renamed Glanbia Nutritionals UK, a division of Glanbia Nutritionals, supplier of vitamin and mineral premixes, protein solutions and oat beta-glucan. Glanbia Nutritionals UK, based in Middlesbrough, will sell a range of products, including RTDs, using Glanbia's ingredients.
Matthew Richardson, founder of Pro-Fibe Nutrition and technical director of Glanbia Nutritionals UK, said: "Glanbia Nutritionals' ingredient solutions fit well with our business so the acquisition was a natural step. Now, we can further develop our capabilities and services, and offer customers the added value of Glanbia Nutritionals' expertise in the nutritional ingredients market."
The acquisition comes two years after Glanbia bought German nutrition research group Kortus Food Ingredients Services.
Glanbia Nutritionals CEO Hugh McGuire said: "Innovation through R&D forms the core of our growth plan, and KFIS and Pro-Fibe share this ethos. We're looking forward to consolidating the businesses to develop functional foods and ingredients for a variety of markets. These are exciting times for Glanbia Nutritionals."
Sectors: Soft drinks
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