Optimum is a manufacturer of nutritional supplements for the U.S. sports sector, including Optimum Nutrition and ABB. The privately owned company, based in Illinois, has three operating facilities located in Illinois, South Carolina and Florida employing 387 people. In 2007, Optimum generated revenue of $185 million and operating profit of $32 million. At the end of last December, the company had gross assets of $51 million.
Glanbia said the business was being acquired on a debt-free basis and would be funded from its existing resources. Glanbia managing director John Moloney said he expected the acquisition to be earnings enhancing this year.