Food brand Smart Balance has acquired Glutino Food Group, a manufacturer of shelf-stable and frozen gluten-free foods.
Food brand Smart Balance has acquired Glutino Food Group, a manufacturer of shelf-stable and frozen gluten-free foods.
“Glutino has increased its sales approximately 30% annually over the past three years, and we are confident about its growth prospects and contribution to Smart Balance,” stated Smart Balance chairman and CEO Stephen Hughes.
“The demand for gluten-free products is significant, and is now a category of over $2 billion in retail sales. We are bullish on the continuation of the category’s 10% compound annual growth rate due to increased awareness and diagnosis of gluten-induced ailments, including celiac disease, gluten intolerance, and wheat allergies.”
The Nutritional Outlook Podcast Episode 33: Keeping up with contract manufacturing
July 26th 2024Nutritional Outlook talks to Lauren Samot, commercial innovation leader, and Blayney McEneaney, sales executive at Vitaquest International, about trends within the contract manufacturing space, and the ways in which contract manufacturers like Vitaquest keep up with the market and differentiate themselves from the competition.