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US snack bar maker Toosum Healthy Foods has snapped up local peer Kutoa for an undisclosed sum.
The deal sees Toosum add another Non-GMO verified snack bar range to its portfolio.
Peter Guyer, who set up Seattle-based Toosum in 2014, outlined the benefits to sales and profitability of the transaction.
"By working with Kutoa, we're able to meet these standards while gaining access to more sales channels, lowering the cost of goods, and increasing profits of both brands," Guyer said.
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We know you’re careful about what you eat at meal times—lots of veggies, healthy protein, complex carbs. But snack time can be tricky because many “healthy” snack bars out there are loaded with sugar and calories or packed with preservatives and other ingredients concocted in a lab, not a kitchen.
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