Global nutrition player Glanbia says challenges in its sports nutrition portfolio significantly impacted 2019 profits, but its acquisitions of SlimFast and Watsons helped drive a 16.6% growth in revenues.
Company to sell 60% stake in Dairy Ireland to Irish co-op
Glanbia reported better than expected growth in 2016 with performance nutrition driving revenue and profits, said the firm as it announced the part sell-off of its Irish dairy business.
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.
Nutritional food manufacturer Glanbia has recorded double-digit growth for the sixth consecutive year, with earnings before interest, depreciation, tax and amortisation (EBITDA) up 10.5% to €271M (£214M) for the 52 weeks to January 2 2016.
The European Specialist Sports Nutrition Alliance’s (ESSNA) campaign against non-compliance has already seen its membership double and more than 60 cases investigated over the last 18 months, something it hoped would continue as it launched social media...
Irish dairy and ingredients group, Glanbia, will expand its weight management offerings“to address the rising incidence of obesity by creating products that are low fat, healthy and taste good.”