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Real Good Food To Divest Snack Subsidiary

April 23, 2021: 12:00 AM EST
The U.K.-based food company Real Good Food (RGF) will sell Brighter Foods, a producer of organic snack bars that are supplied to the global confectionery, wellness and breakfast food industries, to ecommerce company The Hut Group (THG) in a deal worth $59.6 million. Upon completion of the deal, Brighter Foods will become part of THG's Nutrition division and join a brand portfolio that includes Myprotein, Myvegan, Myvitamins, and Exante. THG said that the acquisition of Brighter Foods will allow the company to make use of knowledge and resources for formulating and producing high-quality, healthier snack bars. 
Emma Upshall, "Real Good Food divests Brighter Foods to THG", FoodBev Media , April 23, 2021, © FoodBev Media Ltd.
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