Nature’s Path acquires 51% stake in Gorilly Goods
Food in Canada
Food In Canada Business Operations Bake & Snack Food acquisition investment Nature's Path organic snacksGorilly Goods produces raw, on-the-go snacks that offer a range of savoury to sweet organic and non-GMO nuts, fruits, seeds and greens combinations
Richmond, B.C.-based Nature’s Path has acquired a 51-per-cent stake in Jackson, Wisc.-based Gorilly Goods: a producer of raw, on-the-go snacks that offer a range of savoury to sweet organic and non-GMO nuts, fruits, seeds and greens combinations.
According to Nature’s Path, this latest venture represents the company’s growth beyond new product innovation and development, and adds to a list of previous acquisitions such as Que Pasa organic and non-GMO tortilla chips and salsa in 2012, and Country Choice Organics in 2015.
“The first taste I had of Gorilly Goods I wanted more of it,” says Nature’s Path co-CEO and co-founder Arran Stephens. “It was simply delicious and there is nothing else like it.”
The terms of the deal have not been disclosed, but according to Nature’s Path, its involvement will provide the needed capital for Gorilly Goods to increase its manufacturing and leverage the Nature’s Path retail network to expand distribution throughout North America and markets around the world. “Gorilly Goods delivers the type of tasty, organic and nutritious on-the-go snacks our consumers seek. Combined with our distribution and sales network, this addition to the Nature’s Path family will be a screaming success,” adds Stephens.
The company also notes that Gorilly Goods reflects Nature’s Path commitment to eating well and doing good. “There is so much to say about the natural alignment between our two companies – the enjoyment of food, life and giving and of course, deliciousness,” says Gorilly Goods co-founder Stephen McDiarmid. “We couldn’t feel more kindred with both the company and the family.”
Adds co-founder and CEO, Chris McDiarmid, “Our new partnership represents new opportunities for our employees, improved operations and continuing our commitment to the Dian Fossey Gorilla Fund. We’re ecstatic to be part of such a well respected, trusted and successful organization that has helped grow and shape the organic food industry.”
Gorilly Goods’ headquarters will remain in Wisconsin.
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