M&A Deal Summary

Heartland Food Products Group Acquires SlimFast

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

Acquisition Highlights
  • 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.

M&A Deal Summary

Date 2025-09-17
Target SlimFast
Sector Consumer Products
Buyer(s) Heartland Food Products Group
Sellers(s) Glanbia
Deal Type Divestiture

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

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 STATS #
Overall 2 of 2
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 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(S) 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 STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 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