Unilever, the consumer goods giant, has announced that it has reached an agreement to acquire Olly Nutrition, a San Francisco headquartered company that makes vitamins, minerals, and supplements.
Olly Nutrition is known for its gummy vitamins and supplements, and also sells protein powders and snack bars.
Amanda Sourry, president of Unilever North America, commented: “We are delighted to welcome Olly Nutrition to our portfolio of brands. Olly is a strong, innovative brand in the fast-growing health and wellbeing space, and nicely complements our businesses in Beauty & Personal Care and Foods & Refreshment. Olly’s focus on making nutrition delightfully easy aligns closely with Unilever values and our continued commitment to improving people’s wellbeing”.
Eric Ryan, co-founder of Olly Nutrition, added: “We are thrilled to work with Unilever to grow the OLLY brand and amplify our mission, culture and commitment to helping people feel happy inside out”.
Terms of the deal were not disclosed.