Irish food group Glanbia (GL9.I) said it had acquired U.S. performance nutrition business Bio-Engineered Supplements and Nutrition for 108 million euros ($144.7 million), adding it expects strong growth in the sector. An endorsement by the International Olympics Committee of high-quality proteins, particularly in muscle gain, repair and recovery for post-exercise would be a driving factor in expanding the customer base in the supplements market, Group Managing Director John Moloney said. Europe's biggest supplier of mozzarella cheese for pizzas on Wednesday also reiterated its 20 percent adjusted earnings per share growth forecast for 2010, with 2011 growth seen at 11 to 13 percent.
Source
