Unilever Dr (EU:UNA)
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By Michael Dabaie
Unilever NV (UN, UNA.AE) said Thursday it would acquire OLLY Nutrition, a U.S.-based vitamins, minerals, and supplements business.
Based in San Francisco, OLLY products include gummy vitamins and supplements, protein powders and snack bars.
Co-founder Eric Ryan will assume the role of chief growth officer, exploring opportunities in the health and wellbeing area. Gerry Chesser, current chief operating officer, will be chief executive of OLLY.
Unilever said the terms of the deal weren't disclosed.
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(END) Dow Jones Newswires
April 18, 2019 14:02 ET (18:02 GMT)
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