PepsiCo expands plant-based range with Health Warrior acquisition

PepsiCo has acquired Health Warrior – a US-based company that makes plant-based products including nutrition bars and on-trend offerings.

The transaction will further expand the company’s nutrition portfolio to offer consumers additional options in an exciting growth category.

PepsiCo North America chief executive officer Al Carey said the company continues to position itself at the forefront of changing consumer preferences and trends.

“This acquisition helps us increase our presence in the nutrition bar category, which is an attractive growth space,” said Carey.

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Health Warrior was founded in 2011 by a group of college friends, Dan Gluck, Nick Morris and current CEO Shane Emmett.

The company makes products that contain plant-based superfood ingredients and are lower in sugar.

Health Warrior products are made from nutrient-dense, non-GMO and gluten-free ingredients.

Its current offerings include nutrition bars made with chia and pumpkin seeds, and other plant-based protein offerings like mug muffins and protein powder.

Emmett said the company is excited to join PepsiCo and continue to put nutritious options within reach of significantly more people.

“With a shared mission to help create healthy relationships between people and food, PepsiCo is the ideal partner to bring our nutrient-dense, plant-forward offerings to even more consumers and considerably accelerate Health Warrior’s growth.

“This is the whole reason we started the company,” said Emmett.

While Emmett will continue to lead the business from its current headquarters in Richmond, Virginia, this is PepsiCo’s first investment that will dock into The PepsiCo HIVE, a newly-created entity within the company focused on growing emerging, smaller brands.

PepsiCo North America Nutrition president, Seth Kaufman, said this will enable the company to continue building the Health Warrior brand at a deliberate and sustainable pace and to leverage its entrepreneurial expertise and talent to benefit its broader portfolio.

“Health Warrior is a nutrition-forward trailblazer that can provide great insight into high value categories and consumers while benefitting from our expertise and resources to bring plant-based nutrition to more people,” said Kaufman.