Stockbroker firm Goodbody has upgraded its 2012 forecast for Glanbia to €6.50 per share, based on its consistently strong performance over the past four months.

KILKENNY-headquartered Glanbia, the operator of one of the largest dairy processing plants in the world in New Mexico, will deliver strong double-digit earnings growth in 2007.

RESEARCH into the food sector suggests today’s consumers are increasingly relying on spending to make them happy.

IT HAS taken Glanbia a number of years to redefine itself as a group focused mainly on the dairy sector, involving a range of consumer foods including pig meat, dairy products and food ingredients with an ever increasing emphasis on nutritionals.

ISEQ listed food group Glanbia plc today announced the acquisition of a California based nutritional business Seltzer Companies Inc for €81.8m.