CHICAGO — Glanbia Nutritionals has acquired Sterling Technology, a Brookings, SD-based mostly company of dairy bioactive alternatives derived from bovine colostrum, for $60 million in addition deferred thought.
Colostrum is an ingredient employed in the immunity and intestine overall health segments of the health and fitness and wellness market. It is properly established in various markets, particularly in Asia, with a focus on pediatric and medical nourishment, dietary nutritional supplements and sporting activities diet, in accordance to Sterling Technologies. The organization was founded in 1987 and employs close to 60.
Glanbia also not long ago acquired PacMoore Processing Technologies, Mooresville, Ind., as properly as its R&D facility in Gridley, Unwell., for $53 million. PacMoore specializes in extrusion, spray-drying and blending.