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Story summary
- Applied Nutrition bought most of Nutrablend assets for $16 million cash.
- The deal transferred a Buffalo, New York plant with five powder-filling lines, three stick-pack machines, $5 million inventory, 100 staff.
- Applied Nutrition expects the plant to add $30 million revenue and a single-digit EBITDA margin, raised its outlook to £148 million, and signed a Mondelez International licensing pact for co-branded products in 2,200 Walmart and 1,300 GNC stores across the United States and Canada.
