Glanbia set to spend €200m on acquisitions

GLANBIA Plc, the largest cheese maker in the US, may spend €200 million next year on acquisitions to boost the nutritional products business it has built up from the by-products of dairy goods.

The company is targeting purchases in the US and Europe, group managing director John Moloney said in an interview at Glanbia’s headquarters in Kilkenny, last week.

“I would like to see that we’ll have a bigger and well-resourced global nutritionals business,” he said. “By the start of next year we should be able to spend somewhere between €150m and €200m,” on acquisitions, the executive said.