Smart Balance has just acquired the Glutino Food Group, a Quebec-based gluten-free food company that boasts brands like Glutino and Gluten Free Pantry. The purchase will bolster Smart Balance's gluten-free offerings and is projected to boost its sales by 10 percent to 12 percent, according to The Record.
We believe Smart Balance's core competencies will help Glutino further realize its growth potential," said Stephen Hughes, the CEO of Smart Balance. If the adoption of gluten-free lifestyles continues to grow as it has this year, Smart Balance's acquisition will pay off in spades.
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