Glanbia acquires Pizzey's Milling
September 10, 2007
by FoodBusinessNews.net Staff
MONROE, WIS. — Glanbia P.L.C. has acquired the Canadian-based nutritionals business Pizzey’s Milling.
Pizzey’s produces and markets nutritional ingredients that primarily originate from flax seed. Flax seed is a primary source of plant-based Omega-3 fatty acids.
"The health benefits of omega-3s are well known to the consumer, and this acquisition marks Glanbia’s entry into a complementary sector that is exhibiting strong growth," said Jerry O’Dea, president and chief executive officer of Glanbia Nutritionals Americas. "Pizzey’s innovation in combining milled flax/fish oil is indeed a breakthrough as omega-3s from fish oil can now easily be incorporated into a range of food applications."
Pizzey’s recently launched a milled flax/fish oil combination product called MeadowPure 03 Ultra. This makes possible opportunities for omega-3s in food applications where incorporating fish oils alone have been a challenge.
Glanbia said the acquisition strengthens its position as a global nutritional ingredients supplier and that it will work to support the development of the international market for flax ingredients. Headquartered in Kilkenny, Ireland, Glanbia P.L.C. is a leading international dairy foods and nutritional ingredients group. The company has operations in Ireland, Europe and the United States, with international joint ventures in the United Kingdom, United States and Nigeria. The Group also is building a nutritional facility in China.
Glanbia employs nearly 4,500 people worldwide and has more than 5,300 milk suppliers.
Pizzey’s is headquartered in Manitoba, and the existing management team will remain with the business.