Mars, Incorporated, a family-owned, global leader in confectionery, snacking, food, and pet care products and services announced that it has signed an agreement to acquire Trü Frü, a high-growth, better-for-you, whole-fruit snacking brand from its founders and management team.
Trü Frü’s innovative, high-quality and unique snacks are made from real fruit and immersed in premium chocolate. The snacks are available in both a frozen and shelf-stable format across the US The brand has demonstrated strong consumer appeal, and its total sales have increased by more than fivefold since 2017.
Trü Frü was founded in 2017 by its management team, chief executive officer Brian Neville, president Taz Murray, and chief operating officer Brandon O’Brien. Trü Frü is headquartered in West Valley City, Utah, and has approximately 50 employees.
Trü Frü is complementary to Mars’ platform of fast-growing health & wellness brands, which includes KIND, a nut-based snacking leader, and Nature’s Bakery, a baker of fruit-based wholesome snacks. With the addition of Trü Frü, Mars will be able to meet a growing range of dietary and taste preferences. And, like KIND and Nature’s Bakery, Trü Frü will operate as a separate business within Mars to maintain its entrepreneurial spirit and the authenticity of its brand and culture. To preserve its legacy, the business will be led by current CEO, Brian Neville.
The transaction is subject to customary regulatory approvals and expected to close in the first quarter of 2023. The terms of the transaction were not disclosed.