BSN sold for$144 Million

[Mr I]

Press Release:
Irish cheese and nutritional ingredients maker Glanbia (ISE:GL9) on Wednesday said it had bought US sector player Bio-Engineered Supplements and Nutrition (BSN) for USD144m (EUR107m), in line with its strategy to grow in the sports nutrition sector. Glanbia has financed the deal with existing debt facilities and expects the acquisition to increase its earnings in 2011. BSN employs 140 people and sells its products through 40,000 retail stores in the US as well as in 90 countries globally. It booked net revenues of USD135.4m and an adjusted EBIT of USD16.3m in 2009. Its gross assets stood at USD30.5m at the end of December 2009. Country: , USA Sector: Pharmaceuticals, Food/Beverages/Tobacco Target: Bio-Engineered Supplements & Nutrition Inc (BSN) Buyer: Glanbia Plc Deal size in USD: 144m Type: Corporate acquisition Financing: Existing resources, Debt Status: Closed

Glanbia buys US nutrition business BSN for USD144m | TradingMarkets.com

[Bouncer]

BSN only employs 140 people. that is surprising, figured it would take more then that.

[Mr I]

Mostly machines bro with the rest being sales and marketing people and a few finan ce directors

[Bouncer]

Mostly machines bro with the rest being sales and marketing people and a few finan ce directors

ahh so machines go get the raw ingredients from the source and truck them to the factory. thanks :rofl:

[Mr I]

ahh so machines go get the raw ingredients from the source and truck them to the factory. thanks :rofl:

no they get some man with a van for that, you :rofl:

[Bouncer]

i just figured one of the biggest supp companys out there would have more people. like 1000 or something like that.

[Mr I]

i just figured one of the biggest supp companys out there would have more people. like 1000 or something like that.

well when you lift the lid and dig deep you probably find that much of the work is subbed out, the whey is produced somewhere else by another company, another compabny packages blah blah but yeah on first impressions I agree its a little suprising

[dna9488]

that is a shocker. Thought BSN had a huge sponsorship by UFC. Never thought they would sell.