ENGLEWEOOD CLIFFS, N.J. — Unilever North America, a business unit of Unilever P.L.C., has entered into an agreement to acquire Olly Nutrition, San Francisco. Terms of the agreement were not announced.
Olly Nutrition is a maker of snack bars, protein powders, multi-vitamins and supplements. The company’s products are sold at retailers throughout the United States and online.
“Olly is a strong, innovative brand in the fast-growing health and well-being space, and nicely complements our businesses in Beauty & Personal Care and Foods & Refreshment,” said Amanda Sourry, president of Unilever North America. “Olly’s focus on making nutrition delightfully easy aligns closely with Unilever values and our continued commitment to improving people’s well-being.”
Olly will continue to be based in San Francisco and managed by Eric Ryan, a co-founder, who will assume the role of chief growth officer. Gerry Chesser, current chief operating officer of Olly, will take on the role as chief executive officer.