Glanbia, the Ireland-based food and ingredients group has acquired Canadian nutritional business Pizzey’s Milling.

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Financial details were undisclosed but Glanbia said Pizzey’s has gross assets worth EUR6.9m (US$9.5m).


Pizzey’s produces and nutritional ingredients derived from flax seed, a source of plant-based omega-3 fatty acids.


Last month, Glanbia posted a leap in profits for the first half of the year thanks in part to strong sales.


The company saw net profit climb 26% to EUR33.8m for the six months to the end of June, on the back of a 13% rise in sales to just over EUR1bn.

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