Glanbia Plc Announces New Business Structures for Growth in Nutrition Arena

December 04, 2002 --Glanbia Plc announces that it has established a new business unit to integrate the Group’s current international nutritional business under one management structure. The new business will be known as Glanbia Nutritionals and will seek to advance the Group’s position in the growing global nutritional ingredients market through the development of existing operations as well as through Strategic Alliances, Joint Venture agreements and, where appropriate, by acquisition.

Commenting on the announcement, John Moloney, Group Managing Director, Glanbia plc, said: “The creation of Glanbia Nutritionals is a vital component of our growth strategy in the nutritional sector. It brings together under one structure the necessary innovation, sales and marketing and strategic development resources required to advance our current position in this sector.”

The new business unit will have an international network of sales offices and production sites. The business is headed by Jerry O'Dea, formerly Vice President of Glanbia Ingredients USA. He is joined by a newly established executive management team comprising: Andy Fleming, Executive Vice President, Finance and Strategy; Steve Singer, Vice President, Sales and Customer Service; Robert Beausire, Director of Business Development; Eric Bastian, Director of Research and Development.

Glanbia services many nutritional markets including infant, medical and sports nutrition; functional foods and nutraceuticals, from manufacturing bases in the USA and Ireland. The current ingredient range includes whey isolates and concentrates, milk minerals and lactoferrin under such brands as Provon®, CFM®, TruCal® and Bioferrin®.

A focused development program is currently underway to bring additional nutritional solutions to market. In this context, Glanbia Nutritionals opened a new state-of-the art R&D and applications centre in Twin Falls, Idaho this month.

For more information, please contact Fiona O’Keeffe, Marketing Manager, Glanbia Nutritionals Inc.

Glanbia Nutritionals, Inc.
523 6th Street
Monroe, WI 53566
Tel: 608-329-2800

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