Glanbia plc Acquires Pizzey’s Milling
Pizzey’s Milling, a Canadian based nutritionals business, has been acquired by Glanbia plc. Pizzey's Milling produces and markets nutritional ingredients predominantly derived from flax seed. The company is headquartered in Angusville, Manitoba and also maintains a location in Gurnee, Illinois as well as distribution facilities in St. Joseph, Missouri; Buffalo, New York; and Etobicoke, Ontario.
Glanbia plc, headquartered in Ireland, is a leading international dairy foods and nutritional ingredients group, with a strong emphasis on science-based innovation and nutritional products, with operations in Ireland, Europe and the USA.
The J.H. Chapman Group initiated this transaction, acted as the financial advisor to Pizzey’s and assisted in the negotiations. Marco Galante, a principal of the firm, stated that, “The acquisition of Pizzey’s Milling by Glanbia will provide the combined research and technical abilities of the companies with the ability to exploit synergies between flax seed components (such as the omega 3 and fibers) and whey proteins in the areas of weight loss and sports nutrition, amongst other areas within the health and wellness sector.”
J.H. Chapman Group is the food industry’s leading investment banking firm, with offices in Chicago and Paris, offering a full range of financial advisory services to the food, functional foods, food ingredients, and restaurant industries in the United States and internationally.