Glanbia buys Flavor Producers for $300M
Hugh McGuire, Glanbia’s CEO, said in a statement M&A is important to the company’s growth strategy because it can help unlock new opportunities for the business, particularly within its Natcan i take zinc and magnesium glycinate togetherural Solutions business as it aims to have a wider reach in flavorings.“This acquisitikirkland calcium citrate magnesium and zinc side effectson builds on
our existing flavours capability and positions us well to gnc zinc gluconatecapture long term growth opportunities in the organic and natural flavours segments,” said McGuire.The Irish company is known for its sports nutrition products, including Optimum Nutrition prwhat are the benefits of magnesium glycinate and malateotein powder. Glanbia Nutritionals is its in
gredients arm which targets food and beverage producers, specializing in categories like micronutrients, proteins and dairy.Flavor Producers specializes in Certified Organic flavorings with fruit, spice and herb taste profiles, from citrus to
triron ferrous sulfate usesopical to botanical. Its presence in the U.S. market can allow Glanbia to better compete with giants like Ingredion, Cargill and ADM.Over the past decade, Glanbia has utilized M&A to boost its pres
ence in the ingredients sector. In 2020, it acquired Canadian flavor designer Foodarom for roughly $45 million, which gave the company a greater presence in fruity, botanical and sweet flavorings.
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