MONROE - Glanbia Inc., the parent company of Monroe-based Glanbia Nutritionals, has purchased Illinois-based Optimum Nutrition Inc. for $315 million.
"Optimum is a strong business with an excellent track record and reputation in the sports nutrition market," said Kevin Toland, CEO and president of Glanbia USA. "We look forward to growing and developing this business together in the future."
Optimum Nutrition, which still will be a customer of Glanbia Nutritionals, has three operating facilities in Illinois, South Carolina and Florida and employs 387 people.
Glanbia Nutritionals supplies Optimum with whey protein.
"I don't expect the acquisition to affect our relationship," Glanbia Nutritionals President Jerry O'Dea said. "It's a strategic move to get deeper into nutritional space."
The company for 22 years has manufactured whey-based nutritional supplements for the U.S. and global sports nutrition markets. In 2007, Optimum generated $185 million in revenue and $32 million in operating profit.
"Optimum is a strong business with an excellent track record and reputation in the sports nutrition market," said Kevin Toland, CEO and president of Glanbia USA. "We look forward to growing and developing this business together in the future."
Optimum Nutrition, which still will be a customer of Glanbia Nutritionals, has three operating facilities in Illinois, South Carolina and Florida and employs 387 people.
Glanbia Nutritionals supplies Optimum with whey protein.
"I don't expect the acquisition to affect our relationship," Glanbia Nutritionals President Jerry O'Dea said. "It's a strategic move to get deeper into nutritional space."
The company for 22 years has manufactured whey-based nutritional supplements for the U.S. and global sports nutrition markets. In 2007, Optimum generated $185 million in revenue and $32 million in operating profit.