Unilever is acquiring San Francisco, California-based Olly Nutrition, a company known for gummy vitamins, supplements, protein powders and snack bars. Terms of the deal were not disclosed. The acquisition is subject to regulatory approvals and customary closing conditions.
Olly was co-founded in 2014 by Eric Ryan, who also previously co-founded home-and-personal-care-products company Method.
“We are delighted to welcome Olly Nutrition to our portfolio of brands. Olly is a strong, innovative brand in the fast-growing health and well-being space and nicely complements our businesses in beauty and personal care and foods and refreshment. Olly’s focus on making nutrition delightfully easy aligns closely with Unilever values and our continued commitment to improving people’s well being,” said Amanda Sourry, president of Unilever North America.
Ryan 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.”
Olly will continue to be based in San Francisco and managed by Ryan, who will assume the role of chief growth officer, exploring further opportunities in the health and well-being area, and Gerry Chesser, current COO of Olly, who will take on the role as its CEO.
Unilever is a supplier of beauty and personal care, home care and foods and refreshment products with sales in more than 190 countries. In the U.S. and Canada, the portfolio includes brand icons such as Axe, Ben & Jerry’s, Breyers, Degree, Dollar Shave Club, Dove, Hellmann’s, Klondike, Knorr, Lever 2000, Lipton, Love Beauty and Planet, Magnum, Nexxus, Noxzema, Pond’s, Popsicle, Pure Leaf, Q-tips, Seventh Generation, Simple, Sir Kensington’s, St. Ives, Suave, Talenti Gelato & Sorbetto, Tazo, Tigi, TreSemmé and Vaseline. All of the preceding brand names are trademarks or registered trademarks of the Unilever Group of Cos.