Divestiture • Consumer Products

Heartland Food Products Group Acquires SlimFast

On September 17, 2025, Heartland Food Products Group acquired consumer products company SlimFast from Glanbia

Acquisition Context
  • This is Heartland Food Products Group’s 1st transaction in the Consumer Products sector.
  • This is Heartland Food Products Group’s 2nd transaction in the United States.
  • This is Heartland Food Products Group’s 1st transaction in Florida.

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M&A Deal Summary

Date September 17, 2025
Target SlimFast
Sector Consumer Products
Buyer(s) Heartland Food Products Group
Sellers(s) Glanbia
Deal Type Divestiture

Target Company

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 Overview 1

Buyer

Heartland Food Products Group

Carmel, Indiana, United States

Category Company
Sector Food
DESCRIPTION

Heartland Food Products Group is a provider of low calorie sweetener products, creamers, beverage concentrates, coffee, and nutritional drinks.


Deal Context for Buyer #
Overall 2 of 2
Sector: Consumer Products 1 of 1
Type: Divestiture 2 of 2
State: Florida 1 of 1
Country: United States 2 of 2
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-25 McNeil Nutritionals - Splenda Brand

United States

McNeil Nutritionals - Splenda Brand is a low-calorie food sweetener brand.

Buy -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 1 of 1
Sector: Consumer Products 1 of 1
Type: Divestiture 1 of 1
State: Florida 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 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.

Buy $350M