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Article: United States: Glanbia announces acquisition of Illinois based Optimum Nutrition.

Article from:
TendersInfo
Article date:
August 26, 2008
Copyright

Byline: pinto03

Glanbia plc, the Irish international cheese and nutritional ingredients Group, today announced the acquisition of Illinois based Optimum Nutrition, Inc. - a manufacturer of nutritional supplements for the sports sector, with what it says are some of sports nutrition s most trusted brands in the USA including Optimum Nutrition , Gold Standard 100% Whey and ABB . The total consideration for the acquisition is $315 million ( 213 million). The business is being acquired on a debt free basis and will be funded from Glanbia s existing resources. Optimum is privately owned and has three operating facilities located in ...

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