Unilever to acquire Olly Nutrition
Olly Nutrition’s collection of vitamins, minerals and supplements may have found a new home.
Unilever announced that it has signed an agreement to buy the San Francisco-based company co-founded by Eric Ryan in 2014. Ryan had previously co-founded home and personal care products line 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,” said Amanda Sourry, president of Unilever North America. “Olly’s focus on making nutrition delightfully easy aligns closely with Unilever values and our continued commitment to improving people’s well-being.”
Olly Nutrition consists of a wide range of gummy vitamins, supplements, protein powders and snack bars.
“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,” Ryan said.
Olly will continue to be based in San Francisco and managed by Eric Ryan, who will assume the role of chief growth officer, the companies said. Olly’s current COO, Gerry Chesser, will take over as CEO. Other terms of the deal were not disclosed.
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