News in brief

Glanbia Nutritionals strikes deal to acquire Watson Inc

By Elaine Watson contact

- Last updated on GMT

Glanbia Nutritionals strikes deal to acquire Watson Inc
Glanbia Nutritionals - a $1.4bn nutritional ingredients and cheese business - has struck a deal to acquire Watson, a Connecticut-based manufacturer and supplier of custom nutrient premixes, bakery ingredients, edible films and material conditioning products.

The deal - for a reported $89m - will strengthen Glanbia Nutritionals' capabilities in microencapsulation, agglomeration, micronizing, spray drying and edible film technologies, said CEO Brian Phelan.

“We are excited to welcome the 300 employees of Watson​ with their established reputation of expertise, technical capability and commitment to excellence. The customers of both organizations will stand to benefit significantly from the combined capabilities that the two teams now bring together.”

A wholly owned subsidiary of Glanbia PLC, Glanbia Nutritionals​ has a presence in 19 countries, and sells its proteins, custom nutrient premixes, cheese, bioactives, plant-based nutrition ingredients, flavors and micronutrients in over 130 countries into mainstream food and beverage, sports nutrition, clinical nutrition, infant nutrition, supplements, personal care and animal nutrition markets.   

The deal is the latest in a string of acquisitions for parent company Glanbia, which acquired weight management brand SlimFast for a reported $340 million (300 million Euros) in 2018; Dutch sports nutrition brand Body & Fit and superfood supplement brand Amazing Grass in 2017; and nutrition bar brand thinkThin in 2015.

Revenues at Glanbia Nutritionals declined 0.6% in constant currency in 2018, while EBITA rose 4% to €111.8m.  

Related products

show more

Snacking: Consumers want more than guilty pleasure

Snacking: Consumers want more than guilty pleasure

American Egg Board | 08-Jul-2019 | Product Brochure

Snacks crept in from the dark shadows of guilty pleasure to grab a dominant and even bold role in America’s dining habits. Far from the furtive midnight...

Color plus clean labels from a proven ingredient

Color plus clean labels from a proven ingredient

Briess Malt & Ingredients Co. | 04-Mar-2019 | Product Brochure

BriesSpecialty™ Malt Flours offer natural color and flavor adjustment for cookies, breads and other grain-based goods. Ranging in color from light to black,...

Related suppliers

Follow us

Featured Events

View more

Products

View more

Webinars