Stock Take
Glanbia’s $300m deal for US flavours group looks expensive but should help boost profits
Shares in the Kilkenny-based nutrition group fell slightly this week after it announced the largest deal in the company’s history
Hugh McGuire certainly isn’t wasting any time putting his stamp on Glanbia, the performance nutrition giant.
Having taken over as chief executive of the Kilkenny-based company in January this year, McGuire was quick to sign off on his first major acquisition, with Glanbia announcing last week it had struck a mega $300 million deal to buy Flavour Producers, a US flavours and extracts business.
Depending on the performance of the Californian company, the final price ...
