Smart Balance Acquires Gluten-Free Brand

August 23, 2011

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.”

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