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Synopsis
Glanbia, an Irish global nutrition group, completed the acquisition of Flavor Producers, a flavour platform in the US, providing flavours and extracts to the food and beverage industries, for $355m. "I am delighted to announce the acquisition of Flavor Producers, which represents an important step in the continued growth of our Nutritional Solutions business. This acquisition builds on our existing flavours capability and positions us well to capture long term growth opportunities in the organic and natural flavours segments. M&A is an important part of our growth strategy and this Transaction represents a further opportunity to scale our NS business, unlock synergies and acquire unique and complementary capabilities," Hugh McGuire, Glanbia CEO.
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