M&A Deal Summary

Glanbia Acquires SlimFast

On October 11, 2018, Glanbia acquired consumer products company SlimFast from Kainos Capital for 350M USD

Acquisition Highlights
  • This is Glanbia’s 9th transaction in the Consumer Products sector.
  • This is Glanbia’s largest (disclosed) transaction.
  • This is Glanbia’s 8th transaction in the United States.
  • This is Glanbia’s 2nd transaction in Florida.
Investment Fate
  • SlimFast was divested to a consortium of strategic buyers in 2025.

M&A Deal Summary

Date 2018-10-11
Target SlimFast
Sector Consumer Products
Buyer(s) Glanbia
Sellers(s) Kainos Capital
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

SlimFast

Palm Beach Gardens, Florida, United States
SlimFast offers a variety of shakes, powders, snack bars, and portion‑controlled snacks for weight management. SlimFast was founded in 1977 and is based in Palm Beach Gardens, Florida.

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Buyer(S) 1

Buyer

Glanbia

Kilkenny, Ireland

Category Company
Founded 1964
Sector Consumer Products
Employees5,791
Revenue 3.8B EUR (2024)
DESCRIPTION

Glanbia is a global performance nutrition and ingredients group with major market positions in sports nutrition, cheese, specialty dairy and non-dairy ingredients and micronutrient premixes. The Group is comprised of four business segments - global performance nutrition, global ingredients, dairy ireland and joint ventures & associates. Glanbia was founded in 1964 and is based in Kilkenny, Ireland.


DEAL STATS #
Overall 11 of 11
Sector: Consumer Products M&A 9 of 9
Type: Add-on Acquisition M&A Deals 11 of 11
State: Florida M&A 2 of 2
Country: United States M&A 8 of 8
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-03 Body & Fit

Friesland, Netherlands

Body & Fit is a manufacturer and online retailer of performance nutrition, food supplements and dietary products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-17 SlimFast

Palm Beach Gardens, Florida, United States

SlimFast offers a variety of shakes, powders, snack bars, and portion‑controlled snacks for weight management. SlimFast was founded in 1977 and is based in Palm Beach Gardens, Florida.

Sell -

Seller(S) 1

SELLER

Kainos Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Focused
DESCRIPTION

Kainos Capital is a private equity firm focused on the food and consumer products sector. Kainos targets manufacturers and marketers of food products, as well as other consumer products in the household and personal care industries and over-the-counter health and nutritional products sectors. The Firm's target investment size is $50 to $150 million in a company with an EBITDA of $10 to $80 million. Kainos Capital is based in Dallas, Texas.


DEAL STATS #
Overall 13 of 19
Sector: Consumer Products M&A 4 of 5
Type: Add-on Acquisition M&A Deals 7 of 9
State: Florida M&A 3 of 3
Country: United States M&A 12 of 18
Year: 2018 M&A 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 Florida Food Products

Eustis, Florida, United States

Florida Food Products is a manufacturer of healthy, natural, clean label ingredients and is the market leader in the clean label cure market. Clean label cures are used for a wide variety of end market uses including packaged meat, food service, private label and branded CPG meats as well as premium pet foods. Florida Food Products was founded in 1954 and is based in Eustis, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 good2grow

Atlanta, Georgia, United States

good2grow is a better-for-you kids’ nutrition platform providing single-serve juice, fortified water, and milk products. The Company delivers its unique product with a collectible spout top (“toppers”) based on famous characters from children’s entertainment franchises. good2grow was founded in 2001 and is based in Atlanta, Georgia.

Buy -