Americas/Europe: Glanreddit zinc gluconatebia acquires two companies for expansion

Glanbia is investing €181 million (Ucitracal forteS$194.69 million) to acquire Amazing Grass in the US and Body & Fit in the Netherlands.###Obest magnesium citraten January 6, 2017, Glanbia acquired Grass Advantage LLC (Amazing Grass), which has a portfolio of organic and non GMO brands in the plant-based nutrition, greens and superfood categories.###The products are offered to lifestyle consumers in the natural, online, food, drug and mass channels in North America. ###On February 3, 2017, Glanbia agreed to acquire Body & Fit in the Netherlands, a leading direct to consumer (DTC) online branded business focused on performance nutrition.###Body & Fit’s consumer bacitracal plus magnesium and mineralsse is largely in Germany and the BeNeLux region wkalium magnesium citrateithin Europe.###This acquisition enables Glanbia to have a direct presence in the rapidly growing DTC channel.###Both of the existing management teams will remain with tzinc citrate natural factorshe respective businesses and integration will largely be related to installing Glanbia supporting systems. ###The investment of approximately €181 million is inclusive of contingent consideration and will be funded by debt from existing facilities.###The 2016 full year combined net revenues of Amazing Grass and Body & Fit was approximately €99 million and the acquisitions will be marginally earnings accretive in 2017.

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