date:Jun 21, 2013
lance.
Smart Balance comprises items such as buttery spreads, popcorn, cooking sprays and mayonnaise.
The company acquired gluten-free brands Glutino for $66.3 million in 2011 and Udi's for $125 million in 2012, boosting revenue in the Natural division.
The acquisitions also gave Boulder Brands a significant leadership position in the gluten-free business, Imperial Capital analyst Mitchell Pinheiro wrote in a note dated June 7.
Natural accounted for 49 percent of the company's total sales of