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BRIEF-Glanbia to acquire U.S. protein bar maker thinkThin for $217 mln
November 16, 2015 / 7:08 AM / 2 years ago

BRIEF-Glanbia to acquire U.S. protein bar maker thinkThin for $217 mln

Nov 16 (Reuters) - Glanbia

* Agrees to acquire thinkThin, producer of protein enriched bars, for cash consideration of $217 million

* Says thinkThin, which primarily sells through U.S. mass retail channels, had net sales of $84 million in 12 months to end sept 2015

* Says aims to complete transaction prior to end of the 2015 financial year

* Says transaction will will be marginally earnings accretive in 2016 and will be funded by debt from existing facilities Further company coverage: (Reporting By Conor Humphries)

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