Trek One Capital, a US investment group, has announced the acquisition of organic chocolate brand Alter Eco Foods from fellow investors NextWorld Evergreen.
Founded in 2004, Alter Eco Foods is described as a manufacturer of organic dark chocolate bars, truffles, granola, and quinoa, and markets its products in the US, Canada, Australia, and New Zealand. The company is claimed to use a 100% carbon neutral full cycle manufacturing process, and to source ingredients from environmentally-friendly farms.
Commenting on the acquisition, Alter Eco chief executive officer Keith Bearden said: “I look forward to my partnership with Trek One along with their support and commitment to take the Alter Eco premium brand of products to the next level”.
The deal closed in December, with Alter Eco Foods’ headquarters moved from San Francisco (CA) California to Houston (TX). Financial terms were not disclosed.
Source: Trek One / Just Food