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    Breaking News

    Glanbia Agrees to Acquire thinkThin for $217 Million

    Deal will increase Glanbia’s exposure in the rapidly expanding nutrition bar segment.

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    • thinkThin Blends Up High Protein Smoothie Mix
    11.16.15
    Glanbia plc has agreed to acquire thinkThin, LLC for a cash consideration of $217 million. thinkThin has a leading range of protein enriched bars targeted at lifestyle consumers looking for wholesome, convenient and delicious snacks. thinkThin primarily distributes its products in food, natural and mass retail channels in the U.S. Net sales for the 12 months to the end of September 2015 were $84 million, with a compound average growth rate for the previous three years of 31%.

    Siobhán Talbot, Glanbia Group managing director said, “As a premium lifestyle nutrition product with very strong brand equity, thinkThin represents an excellent strategic addition to our portfolio of market leading performance nutrition brands. The transaction is firmly aligned with our overall growth ambitions and positions us well in the fast growing nutrition bar category as well as being value enhancing for our shareholders.”

    thinkThin will increase Glanbia Performance Nutrition’s (GPN) presence in the bar category and provide exposure to the rapidly expanding nutrition bar segment which is currently valued at $2.8 billion in U.S. retail. In addition, thinkThin provides a great platform for GPN to enter the “better for you” snack products category as well as augment the GPN brand portfolio in its existing channels.

    It is anticipated that the transaction will complete prior to the end of the 2015 financial year subject to the customary completion conditions and regulatory approval.
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      Clinical study shows Velositol can enhance muscle protein synthesis.
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    • Breaking News | Industry & Market News | Mergers & Acquisitions

      Glanbia to Acquire Amazing Grass and Body & Fit Businesses

      The €181 million deals could help company reach new consumers and channels.
      02.06.17

    • Functional Foods & Beverages | Quality & Safety | Testing

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    • Breaking News | Contract Manufacturing | Dietary Supplements | Functional Foods & Beverages | Healthcare Trends | Industry & Market News | Natural/Organic | Sports Nutrition
      NCN Releases Top Transaction Lists for 2015

      NCN Releases Top Transaction Lists for 2015

      Plant-based protein and healthier snacks and beverages are favorites in a record year for acquisitions and financings.
      03.22.16

    • Antioxidants

      thinkThin Blends Up High Protein Smoothie Mix

      Products combine fruit, protein boost and mix-ins like chia seeds.
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      Breaking News
      • FDA Warns About Steroids or Steroid-Like Substances in Bodybuilding Supplements
      • Nootropics and Adaptogens Respond to Demand for Mind and Mood Support
      • Sabinsa Honors 70th Anniversary of Diplomacy Between India and Japan
      • Solvay Invests in Suanfarma’s Vanillin Production
      • GNC Adds Products from The Honest Company, Hers, and Womaness
      View Breaking News >
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