Unilever has announced the acquisition of Olly Nutrition, a US-based nutritional supplements business.
The San Francisco-based business was established by entrepreneur Eric Ryan in 2014, and produces vitamins, minerals, protein powders and snack bars as part of its portfolio.
Following the acquisition, the terms of which were not disclosed, Ryan will remain with the company as chief growth officer, while Gerry Chesser, the current COO of the business, will take on the role of chief executive.
The acquisition is subject to regulatory approvals and closing conditions.
Innovative Brand
“We are delighted to welcome Olly Nutrition to our portfolio of brands,” commented Amanda Sourry, president of Unilever North America.
“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.”
Ryan added that Unilever will help the brand “amplify our mission, culture and commitment to helping people feel happy inside out”.
Source: European Supermarket Magazine
Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.
PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.
Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.
