Glanbia Acquires BSN for $144 Million

Ireland-based Glanbia plc has acquired Boca Raton, FL-based Bio-Engineered Supplements and Nutrition (BSN) for $144 million. The business was acquired on a debt-free basis and is expected to be earnings enhancing in 2011. The acquisition was funded through Glanbia’s existing banking facilities. BSN is a developer, provider and distributor of nutritional products designed for health, training, physique development and performance. Glanbia believes the acquisition enhances the group’s performance nutrition portfolio and delivers further growth opportunities in this area.