Get the app today! Download iPhone App Download Android App

Glanbia Announces SlimFast Acquisition: What The Analysts Said

Published on Oct 11 2018 12:05 PM in A-Brands tagged: Trending Posts / Dairy / Glanbia / Performance Nutrition / Paywall / Goodbody Stockbrokers / Davy Stockbrokers

Glanbia Announces SlimFast Acquisition: What The Analysts Said

A leading industry analyst has said that Glanbia's acquisition of weight management brand SlimFast will 'significantly expand' the group's exposure to the fast-growing ready-to-drink segment, as well as lifestyle consumers.

Jason Molins of Goodbody Stockbrokers was commenting following the announcement this morning that the dairy giant had signed an agreement to acquire SlimFast for $350 million.

Molins said that the transaction should be "modestly accretive to earnings (1-2%) in its first full year of ownership", adding that while the transaction adds to the business' pro forma net debt/EBITDA, it still provides Glanbia with around "€300 million of available headroom for further M&A" activity.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email