Unilever to Acquire OLLY Nutrition
April 18 2019 - 1:01PM
Business Wire
Unilever announced today that it has signed an agreement to
acquire OLLY Nutrition, a premium U.S.-based wellbeing business in
the vitamins, minerals, and supplements (VMS) category.
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Based in San Francisco, California (U.S.), OLLY Nutrition was
co-founded in 2014 by Eric Ryan, who also previously co-founded
home and personal care products company method®. Established as a B
Corp, OLLY Nutrition’s mission is to make nutrition delightfully
easy as it believes good health is the foundation of happiness.
OLLY is known for its gummy vitamins and supplements, and also
sells 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 & 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,” said Amanda Sourry, President of Unilever North
America.
Eric Ryan, co-founder of OLLY, stated: “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.”
OLLY will continue to be based in San Francisco and managed by
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 of OLLY.
Terms of the deal were not disclosed. The acquisition is subject
to regulatory approvals and customary closing conditions.
For more information on Unilever North America and its brands
visit: www.unileverusa.com.
About Unilever North America
Unilever is one of the world’s leading suppliers of Beauty &
Personal Care, Home Care, and Foods & Refreshment products with
sales in over 190 countries and reaching 2.5 billion consumers a
day. In the United States and Canada, the portfolio includes brand
icons such as: Axe, Ben & Jerry’s, Breyers, Degree, Dollar
Shave Club, Dove, Hellmann’s, Klondike, Knorr, Lever 2000, Lipton,
Love Beauty and Planet, Magnum, Nexxus, Noxzema, Pond’s, Popsicle,
Pure Leaf, Q-tips, Seventh Generation, Simple, Sir Kensington’s,
St. Ives, Suave, Talenti Gelato & Sorbetto, TAZO, TIGI,
TRESemmé and Vaseline. All of the preceding brand names are
trademarks or registered trademarks of the Unilever Group of
Companies.
Unilever’s Sustainable Living Plan underpins the company’s
strategy and commits to:
- Helping more than a billion people take
action to improve their health and well-being by 2020.
- Halving the environmental impact of our
products by 2030.
- Enhancing the livelihoods of millions
of people by 2020.
Cautionary Statement
This announcement may contain forward-looking statements,
including ‘forward-looking statements’ within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
Words such as ‘will’, ‘aim’, ‘expects’, ‘anticipates’, ‘intends’,
‘looks’, ‘believes’, ‘vision’, or the negative of these terms and
other similar expressions of future performance or results, and
their negatives, are intended to identify such forward-looking
statements. These forward-looking statements are based upon current
expectations and assumptions regarding anticipated developments and
other factors affecting the Unilever Group (the ‘Group’). They are
not historical facts, nor are they guarantees of future
performance.
Because these forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual
results to differ materially from those expressed or implied by
these forward-looking statements. Among other risks and
uncertainties, the material or principal factors which could cause
actual results to differ materially are: Unilever’s global brands
not meeting consumer preferences; Unilever’s ability to innovate
and remain competitive; Unilever’s investment choices in its
portfolio management; inability to find sustainable solutions to
support long-term growth including to plastic packaging; the effect
of climate change on Unilever’s business; significant changes or
deterioration in customer relationships; the recruitment and
retention of talented employees; disruptions in our supply chain
and distribution; increases or volatility in the cost of raw
materials and commodities; the production of safe and high quality
products; secure and reliable IT infrastructure; execution of
acquisitions, divestitures and business transformation projects;
economic, social and political risks and natural disasters;
financial risks; failure to meet high and ethical standards; and
managing regulatory, tax and legal matters.
These forward-looking statements speak only as of the date of
this announcement. Except as required by any applicable law or
regulation, the Group expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Group’s expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is
based.
Further details of potential risks and uncertainties affecting
the Group are described in the Group’s filings with the London
Stock Exchange, Euronext Amsterdam and the US Securities and
Exchange Commission, including in the Annual Report on Form 20-F
2018 and the Unilever Annual Report and Accounts 2018.
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version on businesswire.com: https://www.businesswire.com/news/home/20190418005592/en/
Media:Catherine
ReynoldsMediaRelations.USA@unilever.com(201) 894-7760
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