Glanbia to sell Slimfast US to Heartland Food Products group of US

Core Viewpoint - Irish-based nutrition supplement maker Glanbia has agreed to sell its weight management brand SlimFast US to Heartland Food Products Group for an undisclosed sum [1] Company Summary - Glanbia is divesting its SlimFast brand, indicating a strategic shift in its portfolio [1] - The financial details of the transaction have not been disclosed, leaving the market without specific valuation insights [1] Industry Summary - The sale reflects ongoing trends in the nutrition supplement industry, where companies are reassessing their brand portfolios to focus on core competencies [1] - The acquisition by Heartland Food Products Group may signal a consolidation trend within the weight management segment of the nutrition market [1]