Englewood Cliffs-based Unilever announced Thursday it will acquire OLLY Nutrition, a wellbeing brand.
OLLY Nutrition, based in San Francisco, was founded in 2014 and manufactures gummy vitamins, supplements, protein powders and snack bars.
“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,” Amanda Sourry, president of Unilever North America, said.
Eric Ryan, who is a co-founder of OLLY, said: “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.”
Under the deal, OLLY will continue to operate in San Francisco and be managed by Ryan, who is assuming the role of chief growth officer. Gerry Chesser, current chief operating officer at OLLY, has been appointed to CEO.
Financial and other terms of the deal were not disclosed.
