Coconut snack brand Ape Snacks sold to private investor

By Noli Dinkovski contact

- Last updated on GMT

Ape Snacks was launched in 2016 by then 21-year-old Zack Nathan
Ape Snacks was launched in 2016 by then 21-year-old Zack Nathan
A coconut-based snacks brand founded by a university dropout has been sold to a private investor currently operating in the food and drink market.

Ape Snacks, which produces coconut-based bites, puffs and curls for a number of multiple retailers, is expected to benefit from increased distribution and innovation support as a result of the deal.

The brand was launched in 2016 by then 21-year-old Zack Nathan, who believed there was lack of appetising healthy snacks on the market, so left university to launch the business.

Ape’s range of Coconut Puffs come in three flavours – Lightly Salted, Thai Chilli, and a new vegan Cheese variety. Its Crunchy Coconut Bites range comprise Natural, Sesame, Chia and Chocolate variants.

The Crispy Coconut Curls range, meanwhile, is made up of Salted Chocolate, Lightly Salted, and Pepper & Spice.

‘A fantastic journey’

Nathan, who will now run his medical technology start-up full-time, said: “Ape has been a fantastic journey with incredibly rapid growth.”

The business has recently started to expand its distribution into Europe, helping revenues grow by more than 600% in two years.

The sale was anticipated to accelerate distribution of Ape’s products in the UK and overseas, while providing further support to innovation, according to investment and asset management firm Alantra (formerly Catalyst Corporate Finance), which advised on the sale.

Alantra director Charles Lanceley said Ape Snacks was a “great example”​ of a UK food brand that had responded to increasing consumer demand for healthy ingredients.

‘Significant value for its founder’

“We are delighted to have advised on the sale, which will realise significant value for its founder and provide strong backing for the business as it grows,​” Lanceley said.

“Investment in healthy products is one of the key trends underpinning food and drink mergers and acquisitions this year.

“While there is no shortage of healthy options available to consumers, the successful brands like Ape all share the crucial trait of combining a clean nutritional profile with amazing taste.”

Ape Snacks is currently available in Tesco, Ocado, Sainsbury’s, Asda, Holland & Barrett, Co-op, Whole Foods Market, Boots, WHSmith and Planet Organic.

Meanwhile, organic food producer Wessanen has secured a nationwide supermarket listing for its Kallø range​ of chocolate-topped rice cakes.

Related topics: Business News, Ambient foods

Related news

comments

Post your comment

We will not publish your email address on the website

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Follow us

Featured Events

View more

Products

View more