Glanbia acquires US sports nutrition firm

NUTRITIONAL ingredients and cheese group Glanbia has acquired US sports nutrition firm Bio-Engineered Supplements and Nutrition (BSN) for $144 million (€108m).

Glanbia also issued a trading update, confirming adjusted earnings per share growth of around 20% for 2010.

Glanbia group managing director John Moloney said: “BSN will bring in €600m in sales, right to the centre of our business, and we expect it to grow by close to 10%. It will fit in well with Optimum Nutrition.