(Source: Glanbia plc) 16 Nov 2015 16 November 2015, Glanbia plc is pleased to announce that it has agreed to acquire thinkThin, LLC ('thinkThin') for a cash consideration of $217 million (the 'Transaction'). thinkThin has a leading range of protein enriched bars targeted at lifestyle consumers looking for wholesome, convenient and delicious snacks. thinkThin primarily distributes its products in food, natural and mass retail channels in the US. Net sales for the twelve months to the end of September 2015 were $84 million, with a compound average growth rate for the previous three years of 31%. Commenting...
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