Glanbia Nutritionals has acquired Sterling Technology, a U.S.-based leading manufacturer of dairy bioactive solutions derived from bovine colostrum, for $60 million plus deferred consideration.
Colostrum is an ingredient used in the growing immunity and gut health segments of the health and wellness market. It is well established in multiple markets, in particular Asia markets with a focus on pediatric and medical nutrition, dietary supplements, and sports nutrition.
“The acquisition of Sterling Technology enhances our bioactive solutions portfolio to support our customers’ needs and growth ambitions,” said Glanbia Nutritionals CEO Brian Phelan. “We are excited to bring on board the Sterling team and their expertise with this highly beneficial ingredient.”
Founded in 1987, the South Dakota based Sterling Technology employs approximately 60 employees.
In recent months Glanbia Nutritionals also acquired PacMoore Processing Technologies, based in Mooresville, Ind., as well as its R&D facility in Gridley, Ill., for $53 million.
PacMoore Processing Technologies specializes in extrusion, spray-drying and blending. The addition of these technologies will strengthen Glanbia Nutritionals’ ability to support its customers in the healthy snacking and related nutrition segments. In addition, the knowledge and experience of the combined teams will further enhance its ability to deliver optimized ingredient systems.
Glanbia Nutritionals is a $3.4 billion nutrition solutions and cheese business with more than 3,200 employees and a presence in 19 countries.