Glanbia thrives on global nutritionals’ growth

IN its latest analysis of the Irish-quoted food sector, Merrion Stockbrokers highlights the growing role nutritionals — in high demand by sports athletes and other health conscious consumers — are playing and will continue to play in the development of Glanbia.

It concludes that global nutritionals have been the “key” driving force in the group’s revenue expansion, a sector the Kilkenny-based group targeted in 2003 and has grown mainly through acquisitions.

Currently, the sector accounts for 23% of total group revenues in 2010.