Dairy and nutritional ingredients firm Glanbia has confirmed two strategic acquisitions that will enhance its performance nutrition division by bringing a greater focus on plant-based foods and direct-to-consumer sales.
Reckitt Benckiser Group plc (RB) has confirmed it is in ‘advanced negotiations’ to acquire all Mead Johnson Nutrition shares for $90 each in cash, valuing Mead Johnson’s entire share capital at approximately $16.7bn.
Infant nutrition company Mead Johnson saw sales in Asia – its largest region – slip 9% year-on-year, 5% on a constant dollar basis, to $1.856bn – although the company recorded ‘strong sales growth’ in its key China market.
Indian-based but global-facing herbals player OmniActive Health Technologies has won a $35 million (€33m) investment from venture capitalist Everstone Group, as it pursues expansion and acquisition targets.
Oxford researchers behind a novel performance-enhancing ketone drink get around an email a day from sports teams hoping to buy the product – and another 20-30 unnamed professional teams have already been involved in research trials with the product.