Glanbia plc acquired KSF Holdings LLP and HNS Intermediate Corporation, owners of SlimFast, for $350m

Glanbia plc, the global nutrition group, acquired KSF Holdings LLP and HNS Intermediate Corporation who collectively own SlimFast and other brands, to acquire such entities for $350 million. SlimFast is a leading weight management and health & wellness brand family distributed primarily in the food, drug, mass and club (FDMC) channel in the US and UK. It is a well-established and growing brand with high levels of brand awareness in the US, its largest market. "The transaction is in line with our strategic ambition to extend the reach of our Glanbia Performance Nutrition portfolio to related consumer needs." said Siobhán Talbot, Group Managing Director of Glanbia.