Unilever to acquire Olly Nutrition
Unilever has signed an agreement to acquire Olly Nutrition, a premium U.S.-based wellbeing business in the vitamins, minerals, and supplements category.
Unilever has signed an agreement to acquire Olly Nutrition, a premium U.S.-based wellbeing business in the vitamins, minerals, and supplements category. Based in San Francisco, Olly Nutrition is a B Corp known for its gummy vitamins and 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 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 wellbeing,” said Amanda Sourry, president of Unilever North America.
Olly will continue to be based in San Francisco and managed by co-founder Eric Ryan, who will assume the role of chief growth officer, exploring further opportunities in the health and wellbeing area; and Gerry Chesser, current COO of Olly, who will take on the role as CEO.