Glanbia plc agrees to acquire health and wellness brand SlimFast for US$350m

USA - Glanbia plc, the global nutrition group, has signed an agreement with the owners of KSF Holdings LLP and HNS Intermediate Corporation who collectively own SlimFast and other brands, to acquire such entities for US$350 million. According to Glanbia, it plans to operate SlimFast within its Performance Nutrition segment. SlimFast is a leading weight…

Glanbia appoints Martin Keane as new group chairman

IRELAND - Glanbia, the global nutrition group, has announced Martin Keane as Group Chairman, to succeed Henry Corbally with immediate effect, among other reshuffles in the company. Patrick Murphy has been appointed to the position of Vice Chairman in place of Martin Keane while John Murphy will continue as a Vice Chairman. “I am very…

Glanbia reports strong performance, revenue increase of 9%

IRELAND - Global nutrition group Glanbia has highlighted strong performances from Glanbia Performance Nutrition and Glanbia Nutritionals in its Interim Management Statement for the nine-month period, highlighting a 9% increase in revenues for Glanbia Performance Nutrition and a 4.6% revenue growth for Glanbia Nutritionals. According to NutritionInsight, Glanbia Performance Nutrition delivered what is described by…