Unilever to Acquire OLLY Nutrition

Date : 04/18/2019 @ 7:17PM
Source : Dow Jones News
Stock : Unilever Dr (UNA)
Quote : 53.14  -0.57 (-1.06%) @ 2:00AM
Unilever Dr share price Chart

Unilever to Acquire OLLY Nutrition

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.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

April 18, 2019 14:02 ET (18:02 GMT)

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