Applied Nutrition buys Nutrablend assets for $16m
Applied Nutrition has acquired the majority of the assets of US-based sports nutrition manufacturer Nutrablend Group for $16m (£12m) in cash.
The deal includes a production and logistics facility in New York state with an estimated inventory of around $5m.
The acquisition is expected to provide production capacity of up to $300m of revenue per year in the US, supporting future customer demand and reducing freight costs.
The company plans to move powder manufacturing to the new facility, increasing UK manufacturing headroom.