Nutritional products distributor Glanbia plc (LON: GLB) is acquiring protein bar maker ThinkThin from TSG Consumer Partners LLC for $217 million in cash.

ThinkThin, founded in 1999, makes protein and fiber bars under the ThinkThin brand. The Los Angeles, California-based company has about $84 million in annual sales. TSG invested in ThinkThin in 2011.

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