Nature’s Path acquires 51% stake in Gorilly Goods

North American organic breakfast company Nature’s Path has acquired a 51% stake in Wisconsin-based snack manufacturer Gorilly Goods.

The acquisition represents the former's growth plan to go beyond new product development.

In 2012, Nature’s Path acquired Que Pasa organic and non-GMO tortilla chips and salsa, and took over Country Choice Organics last year.

Nature’s Path co-CEO and co-founder Arran Stephens said: “The first taste I had of Gorilly Goods I wanted more of it. It was simply delicious and there is nothing else like it.

“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.”

The financial details of the deal have not been divulged by either company. The investment by Nature’s Path will provide the needed capital to Gorilly Goods for increasing its manufacturing capability, as well as expand Nature’s Path retail network in North America and in the global markets.

Gorilly Goods co-founder Stephen McDiarmid said: “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.

“We couldn’t feel more kindred with both the company and the family. 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 organisation that has helped grow and shape the organic food industry.”