10.01.07
Glanbia, the Irish dairy and nutritional ingredients company, has acquired the Canadian-based nutritionals business, Pizzey’s Milling (‘Pizzey’s’). Pizzey’s produces and markets nutritional ingredients predominantly derived from flaxseed, a source of plant-based omega 3 fatty acids, specifically alpha linolenic acid (ALA). The company also recently launched a milled flax/fish oil combination product branded MeadowPure 03 Ultra, opening the door to incorporating omega 3’s in many food applications where incorporating fish oils alone has been a challenge. The existing management team, headed by Linda and Glenn Pizzey, will remain with the business, which is headquartered in Manitoba, and has an additional sales and distribution facility in Gurnee, IL. According to Glanbia, the acquisition of Pizzey’s and its nutritional product portfolio enhances the company’s position as a significant global nutritional ingredients supplier. Glanbia will leverage its significant investment in innovation and research, as well as its sales and marketing structure to support development of the international market for flax ingredients and its healthy components, including ALA omega 3, lignans and fiber.