January 19/Boca Raton, Fla./London Stock Exchange Aggregated Regulatory News Service -- Glanbia plc, an international nutritional ingredients and cheese group, announced the acquisition of Bio-Engineered Supplements and Nutrition (BSN(R)), for a total consideration of $144 million (108 million euros).
The business is being acquired on a debt-free basis and is expected to be earnings enhancing in 2011. The acquisition is funded through Glanbia's existing banking facilities.