AUSTIN, TEXAS — HumanCo, a holding company focused on healthier living and sustainability, has acquired a majority stake in organic, plant-based frozen dessert manufacturer Coconut Bliss. Financial terms were not disclosed.
Founded in 2005 and based in Eugene, Ore., Coconut Bliss produces plant-based frozen dessert pints, bars and sandwiches that are USDA certified organic, Non-GMO Project verified, certified vegan and gluten-free.
Through its partnership with HumanCo, Coconut Bliss plans to fuel product innovation, expand distribution and increase marketing investment.
“I am thrilled to join forces with HumanCo and amplify the importance of organic and intentionally sourced foods,” said Kim Gibson Clark, chief executive officer of Coconut Bliss. “Coconut Bliss has always been dedicated to real ingredients, minimal processing, organic farming practices, fair trade and socially just labor practices with all of our products and suppliers. HumanCo strengthens these commitments by providing shared resources to help our company operate on a larger scale. I'm not only excited for Coconut Bliss employees and the brand at large, but also our customers who will reap the rewards of this partnership.”
HumanCo was founded by Jason H. Karp, former hedge fund manager and co-founder of clean label snacking company Hu Master Holdings, which secured an investment from Mondelez International, Inc. in 2019.
“HumanCo invests in and builds companies that make the best tasting and cleanest version of a consumer product, and that’s why we’re thrilled to join forces with Coconut Bliss,” said Mr. Karp, who is also CEO of the company. “We love ice cream, but most of the plant-based options don’t taste like delicious ice cream or are filled with weird, questionable ingredients. Coconut Bliss does things the right way - they make the most delicious, environmentally conscious, plant-based ice cream that meets both the HumanCo ingredient and taste standards. We are excited to welcome Coconut Bliss into the HumanCo family and looking forward to helping them in this next chapter of growth.”