Glanbia has acquired Aseptic Solutions Inc (“ASI”), USA, for a total consideration of US$60 million (€50 million). The acquisition is funded through Glanbia’s existing banking facilities.
ASI was founded in 2004 and is a manufacturer and co-packer of nutritional and dietary beverages including vitamin shots, protein shakes and 100% natural fruit juices. The business operates from a state-of-the-art facility in Corona, California and employs 175 people.
Its technology is designed to manufacture a better-tasting and longer-lasting product and allows the processing and packaging of liquid foods to be safe, fresh and flavourful without the use of preservatives, serving customers in both the retail and multi-level marketing sectors.
The acquisition of ASI is aligned with Glanbia’s nutritionals growth strategy and is aimed to strengthen Glanbia Nutritional Ingredient Technologies by expanding its capability as an ingredients supplier, formulator and end product manufacturer. The acquisition will complement and enhance Glanbia’s existing ingredient solution capabilities, the company says.