OWYN Announces Funding Round Led by Purchase Capital to Accelerate National Expansion
Summary
Today’s news follows the acquisition of a majority ownership stake in OWYN last year by United Nutritional Brands, an affiliate of Purchase Capital—an investment firm led by Nicholas J. "We are grateful for the support and expertise of our investors as we continue to expand nationally and become the fastest growing plant-based nutrition beverage in the U.S.,” said OWYN CEO Mark Olivieri. “We are excited to deepen our support for the business to further strengthen the brand and deliver innovative products that meet evolving consumer demands.” OWYNs plant-based protein beverages contain only all-natural ingredients and are free from the top eight allergens. It works with allergen industry leaders to minimize cross-contact and it is a National Strategic Partner of FARE (Food Allergy Research and Education). The firm looks broadly across asset classes and industries, takes a concentrated approach toward deploying capital, and is flexible with regard to debt or equity.