Smart Balance Acquires Glutino Food Group

August 3, 2011
/ Print / Reprints /
/ Text Size+
Smart Balance, Inc. acquired 100% of the equity interest of Importations DE-RO-MA, which owns Glutino Food Group and the Glutino and Gluten Free Pantry brands.

Smart Balance, Inc., a Paramus, N.J., division of GF Brands, acquired 100% of the equity interest of Importations DE-RO-MA, which owns Glutino Food Group, for $66.3 million. Based in Laval, Quebec, Glutino is a leading manufacturer and marketer of gluten-free foods, including snacks and frozen baked goods sold under the Glutino and Gluten Free Pantry brands.  

"We are truly excited about adding the Glutino Food Group to our portfolio of health and wellness brands,” says Stephen Hughes, chairman and CEO of Smart Balance. “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. 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."

“The gluten-free segment is complementary with our corporate vision of creating a health and wellness innovation platform that builds brands targeted at highly motivated consumer need states,” adds Hughes. “Just as our Smart Balance, Earth Balance and Bestlife brands address the health and wellness needs of consumers, Glutino addresses a specific dietary need by eliminating gluten in foods that consumers have to avoid for health reasons. Dedication to providing high-quality and great tasting products has enabled the company to pioneer and shape the gluten-free category. This has created a strong consumer following and established Glutino as the preeminent gluten-free brand."

Smart Balance will host a conference call on Aug. 4 at 9:30 a.m. ET to further discuss this announcement as well as the release of the company's second quarter results. The dial-in number is 800-895-0198 or 785-424-1053 and the conference ID is 7BALANCE. An audio webcast will also be available at

Did you enjoy this article? Click here to subscribe to Snack Food & Wholesale Bakery Magazine 

You must login or register in order to post a comment.



Image Galleries

2014 Bakery of the Year: Capistrano's Wholesale Bakery, Phoenix AZ

Here’s a look at Capistrano’s Bakery, our 2014 Bakery of the Year.

11/7/13 2:00 pm EST

Food Plant of the Future: The Future of Wastewater Management

Available On-Demand Effective management of wastewater is becoming increasingly critical to food and beverage processors as the cost for incoming water increases...

National Pizza Month

October is National Pizza Month! Where do you go to grab a slice (or two) of your favorite pie?
View Results Poll Archive


Organic Production and Food Quality: A Down to Earth Analysis

Effects of Organic Production on Food Quality is the first comprehensive book on how organic production methods influence the safety and quality of foods, based on an unbiased assessment of the latest scientific findings.  The title is a 'must-have' for everyone working within the food industry.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Facebook IconTwitter IconYoutube IconLinkedIn Icon

The Weekly Mix

Operations Weekly Logo

Written by Snack Food & Wholesale Bakery editors, our Operations Weekly weekly enewsletter provides bakers and snack food manufacturers with up-to-the-minute news, ideas and industry trends.

Sign up today!