Smart Balance Buys Glutino Food for $66.3 Mln

Smart Balance has bought Importations DE-RO-MA, which owns Glutino Food Group, for $66.3 million. Claridge Group,a Montreal investment firm, was the seller. Glutino, of Laval, Quebec, makes and markets gluten-free foods sold under the Glutino and Gluten Free Pantry brands. Citigroup Global Markets provided financial advise to Smart Balance.

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