TSG Consumer Partners has closed its previously announced sale of Los Angeles-based ThinkThin, a nutrition bar company, to Glanbia plc. The price of the transaction is $217 million.
LOS ANGELES, Dec. 16, 2015 /PRNewswire/ — Lizanne Falsetto, founder of leading nutrition bar company, thinkThin, announced today the completion of the brand’s sale to global performance nutrition and ingredients group, Glanbia plc for $217 million USD. This sale culminates Falsetto’s 20-year journey from fashion runways, to testing recipes in her home kitchen, to building a nationally known, household brand.
Business and wellness pioneer Lizanne Falsetto launched Los Angeles based thinkThin in 1999. A foodie and nutrition enthusiast, Lizanne created thinkThin as a better-for-you, food-based lifestyle brand, with high-protein snacks designed for on-the-go use. Over the course of her career as CEO, Falsetto raised two children and paved her own path as a female entrepreneur in an extremely competitive CPG landscape.
“I started my company in my kitchen and grew it into a national brand as a self-made entrepreneur who never had a mentor or formal business training. Near the end of my journey, I joined forces with a leading private equity firm and ultimately sold the business to a strategic buyer. Having built the business from the ground floor, I deeply appreciate and understand the entrepreneur’s challenges and perseverance,” said Falsetto. “I am so fortunate to be in the position about which every entrepreneur dreams, and it took almost 20 years to get here. My focus now is giving back to the business community, by mentoring and guiding other entrepreneurs so they can realize their dreams faster.”
Focusing now on connecting with founders and managers of emerging businesses, Falsetto is empowering a new generation of entrepreneurs to leverage their innate personal qualities and grow successful companies and careers. Falsetto combines hard-earned business lessons with wellness expertise from the kitchen to the boardroom. She maintains a full schedule of public press appearances and speaking events with organizations ranging from the Young Presidents’ Organization to The National Association of Women Business Owners.
About Lizanne Falsetto:
In 2000, after a decade of world travel and a successful career modeling internationally, Lizanne launched thinkThin. A foodie and nutrition enthusiast, Lizanne created a better-for-you, high protein nutrition bar for active women on the go. She steered her company to become a national lifestyle brand to its place today as a multi-million dollar, household name growing into many categories. In December 2015, Lizanne and TSG Consumer Partners LLC sold thinkThin to global performance nutrition and ingredients group Glanbia plc for $217 million. Lizanne shares her wisdom and business advice at www.LizanneFalsetto.com. For more information on thinkProducts please www.thinkProducts.com.