Global food and nutritionals solutions group Glanbia has announced a deal to buy US-based Isopure for $153m.
Isopure is a US based provider of premium branded sports nutrition products.
The business focuses on powders and ready-to-drink formats, primarily through the speciality, internet and direct distribution channels.
Glanbia said the deal is expected to be earnings accretive from 2015 and will be funded from its existing debt facilities.
The deal is expected to be completed in the fourth quarter of this year - subject to conditions and regulatory approval.
"The transaction, which is firmly aligned with the group's strategy, supports our growth ambitions and will be value enhancing for our shareholders," commented Glanbia's group managing director Siobhan Talbot.
