Glanbia continues to perform strongly across global markets and continues to invest in its operations and its employees in Ireland.
In December, Glanbia spearhead a recruitment drive as the company announced it was creating 50 Irish jobs as part of a recruitment drive that seeks to fill 200 positions across the company’s global operations.
Glanbia currently employs almost 6,000 employees and has a presence in some 34 countries worldwide, delivering a turnover of over €3.5 billion per annum.
The company also reported strong results for the six months of 2015 with Group revenue for the half year at €1.9bn and adjusted earnings per share of 40.60 cent.
Commenting on these results, Siobhán Talbot, Group managing director said: “Glanbia delivered a good performance in the first six months of 2015 driven by a strong result from Global Performance Nutrition. Total Group revenue for the half year was €1.9bn with adjusted earnings per share of 40.60 cent.”
The global nutrition Group also reported good results from Dairy Ireland with EBITA of €17.5m, and joint Ventures & Associates performed in line with expectations in the first half.
Talbot said that the results demonstrate that the company is on track to deliver its strategy. “As a global nutrition company, whose purpose is ‘delivering better nutrition for every step of life’s journey’, we are focused on the development of a branded and ingredient product portfolio to serve the growing consumer demand for nutritional products in formats suitable for healthy and active lifestyles. This has provided some insulation from the challenges of volatile global dairy markets.”
Glanbia also announced last year that it has agreed to acquire ThinkThin in a deal worth $217m. Based in Los Angeles, California, ThinkThin was founded in 1999 by Lizanne Falsetto and the company specialises in high-protein products.
ThinkThin’s products are distributed in a range of well-known US food, drug and mass retailers. TSG Consumer Partners, a leading investor in the branded consumer sector, acquired a majority stake in the company during 2011.
The company’s products are targeted at lifestyle consumers looking for healthy and convenient snacks. The company distributes its products in food, natural and mass retail channels in the US.
Speaking about the significance of the deal, Talbot said: As a premium lifestyle nutrition product with very strong brand equity, ThinkThin represents an excellent strategic addition to our portfolio of market leading performance nutrition brands. The transaction is firmly aligned with our overall growth ambitions and positions us well in the fast growing nutrition bar category as well as being value enhancing for our shareholders.”
- Siobhán Talbot was appointed Group managing director of Glanbia in November 2013, taking over from John Moloney after 12 years at the helm.
- Previously, Talbot served as group finance director, where her role encompassed responsibility for Group strategic planning, and has held a number of senior positions since she joined in 1992.
- Prior to Glanbia, Talbot worked with PwC in Dublin and Sydney.
- A graduate from UCD, Talbot is also a fellow of the Institute of Chartered Accountants in Ireland and has been a member of the Board of Glanbia since 2009.