Glanbia agrees to acquire SlimFast for $350 million
Global nutrition group Glanbia has announced that it is to acquire weight management brand SlimFast for $350 million.
It was previously owned by KSF Holdings and HNS Intermediate Corporation.
“SlimFast is an established and enduring brand and complements our existing portfolio targeting lifestyle consumers,” says Siobhán Talbot, group managing director of Glanbia.“It plays to global consumer trends focused on convenient formats and snacking. The transaction is in line with our strategic ambition to extend the reach of our Glanbia Performance Nutrition portfolio to related consumer needs.”