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Glanbia buys ON

  • 25-08-2008 8:37am
    #1
    Kinetic^
    Closed Accounts Posts: 13,249 ✭✭✭✭


    Taken from here
    RTE.ie wrote:
    Food group Glanbia has bought US-based Optimum Nutrition in a deal worth €213m.

    Optimum, based in Illinois, makes nutritional supplements for the sports sector, and owns some of the leading US sports nutrition brands.

    The US firm is privately owned and has three plants employing almost 400 people.

    AdvertisementGlanbia managing director John Moloney described the deal as 'exciting' as it gives the company a leading position in a fast-growing segment of the nutrition market.

    Glanbia says the worldwide market for sports nutrition products is worth $30 billion.


Comments

  • #2
    Beau
    Registered Users, Registered Users 2 Posts: 1,095 ✭✭✭Beau


    Interesting.

    Wonder what their plans for it are.


  • #3
    Dragan
    Closed Accounts Posts: 13,497 ✭✭✭✭Dragan


    Beau wrote: »
    Interesting.

    Wonder what there plans for it are.

    Well given they have just solidified their postion as the biggest producer of whey in the world i think their plans are to make a lot of money.

    It makes sense, Glanbia and ON would have very different locations covered contract wise when it comes to suppliers of dairy,negative seasonal weather in one area can now be compensated for farvourable ones in another part of the world.


  • #4
    cousin_borat
    Registered Users, Registered Users 2 Posts: 995 ✭✭✭cousin_borat


    Just seen it myelf on Rte.ie. Great move from Glanbia


  • #5
    Hanley
    Banned (with Prison Access) Posts: 21,981 ✭✭✭✭Hanley


    cousin_borat wrote: »
    Great move from Glanbia

    +1

    Great move by whoever put the deal together!


  • #6
    supra888
    Closed Accounts Posts: 9 ✭supra888


    Beau wrote: »
    Interesting.

    Wonder what their plans for it are.

    There plan was simple...

    1. Put less whey in each tub and charge the same money.

    2. Fuk up the best tasting whey protein on the market.

    Like the mearcat on telly says ..simples!


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  • #7
    g'em
    Closed Accounts Posts: 22,819 ✭✭✭✭g'em


    dragging up a 2 year old thread just to have a b*tch? Classy.

    Oh and it's meerkat.


This discussion has been closed.
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