Archive for August 25th, 2008
Glanbia Buys Optimum Nutrition For $315 Million
August 25, 2008
One of the biggest stories the supplement genius has seen in 2008 is the acquisition of Optimum Nutrition by one of the largest whey-protein manufacturers in the world. The company that has bought Optimum is called “Glanbia†which is headquartered in Ireland but has divisions around the world including Canada, U.S., Europe, U.K. and Nigeria to name a few. Glanbia employs 4.900 people and just last year their revenues totaled $2.2 billion which gives you an indication of just how large they are! Optimum is easily the top-5 largest sports nutrition companies in the U.S. and Canada right now with brands ‘Optimum Nutrition’ , ‘Gold Standard 100% Whey’ and ‘AMERICAN BODY BUILDNG’ leading the pack. The total consideration for the acquisition is $315 million dollars.
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