glanbia slimfast Glanbia

Global nutrition group Glanbia acquiring SlimFast for $350m

Irish company acquires revitalized brand for Performance Nutrition segment.

Nutrition group Glanbia PLC announced that it has signed an agreement with the owners of KSF Holdings LLP and HNS Intermediate Corp., who collectively own SlimFast and other brands, to acquire the entities for $350 million. Glanbia, which is based out of Ireland, also owns a 50% stake in a recently announced milk processing plant that will be located in Michigan.

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