Tag Archives: Smart Balance

Smart Balance Acquires Udi’s Healthy Foods for $125 Million Increases Stake in Gluten Free Market

The gluten-free food industry is exploding due to increased diagnosis of celiac disease and gluten sensitivity. Celiac disease is estimated to affect 1 in 100 people, while gluten sensitivity is believed to affect up to 10% of the population. The gluten-free market is one of the fastest growing industries, with 20%+ growth per year with US sales increasing from under ...

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Smart Balance Acquires Glutino Food Group for $66.3 Million

On August 3, Smart Balance, Inc. announced it purchased Glutino Food Group for $66.3 million cash. ¬†With this purchase, Smart Balance picks up arguably the #1 most recognized gluten-free brand in the United States. PARAMUS, N.J., Aug. 3, 2011 /PRNewswire/ — Smart Balance, Inc. (NasdaqGM: SMBL) announced it acquired 100% of the equity interest of Importations DE-RO-MA, which owns Glutino ...

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