Global nutrition group acquire Slimfast brand

La Salle can reveal that Kilkenny-headquarted Glanbia, who produce a wide range of nutritional products have acquired the Slimfast brand which was previously owned by KSF Holdings LLP and HNS Intermediate Corporation respectively.

Business acquired: Slimfast (brand)

Activities: Founded in 1977 with headquarters in Florida, USA - the weight-loss brand generates net sales of $212m. They have a UK base in Ascot, Berkshire

----------------

Purchaser: Glanbia

Activities: Glanbia employ over 6,600 people across 32 countries and their products are sold or distributed in over 130 countries with revenue €2.4billion. They take pure and clean ingredients including milk, whey and grans and produce high-quality nutritional ingredients and branded consumer products.

----------------

Additional info:

Commenting on the Transaction, Siobhán Talbot, Group Managing Director of Glanbia said:

“I am pleased to announce that we have agreed to acquire SlimFast, a leading consumer brand in the $8 billion weight management nutrition market, an adjacency to the Glanbia Performance Nutrition brand portfolio. SlimFast is an established and enduring brand and, along with nutritional supplements brands “Healthy Delights” and “Nu-Therapy”, complements our existing portfolio targeting lifestyle consumers. It plays to global consumer trends focused on convenient formats and snacking. The transaction is in line with our strategic ambition to extend the reach of our Glanbia Performance Nutrition portfolio to related consumer needs.”