CHICAGO — Glanbia Nutritionals has acquired Sterling Technology, a Brookings, SD-based manufacturer of dairy bioactive solutions derived from bovine colostrum, for $60 million plus deferred consideration.
Colostrum is an ingredient used in the immunity and gut health segments of the health and wellness market. It is well established in multiple markets, particularly in Asia, with a focus on pediatric and medical nutrition, dietary supplements and sports nutrition, according to Sterling Technology. The company was founded in 1987 and employs approximately 60.
Glanbia also recently acquired PacMoore Processing Technologies, Mooresville, Ind., as well as its R&D facility in Gridley, Ill., for $53 million. PacMoore specializes in extrusion, spray-drying and blending.