Glanbia to acquire thinkThin

LOS ANGELES — Global nutrition company Glanbia announced Monday that it would be acquiring nutrition bar maker thinkThin from TSG Consumer Partners for $217 million. ThinkThin saw net sales of $84 million for the year ended September 2015. 

 

“As a premium lifestyle nutrition product with very strong brand equity, thinkThin represents an excellent strategic addition to our portfolio of market leading performance nutrition brands,” Glanbia’s group managing director Siobhán Talbot said. “The transaction is firmly aligned with our overall growth ambitions and positions us well in the fast growing nutrition bar category as well as being value enhancing for our shareholders.”

 

ThinkThin’s headquarters will remain in Los Angeles following the transaction’s close, which is expected by the end of 2015.

 

“We look forward to working with the Glanbia team as we enter the next phase of growth of thinkThin — building on our platform of nutritional bars and hot cereals and growing our passionate consumer following – while helping them expand their consumer base in the U.S.,” thinkThin CEO Michele Kessler said. “We are also grateful for TSG’s guidance, expertise and support, which have enabled us to achieve significant growth over the past few years.”