#United States #Greek Yogurt #Piscataway #Clio Snacks #Stride Partners

Clio Snacks Acquired by Stride Consumer Partners

In a significant move within the snack food industry, Clio Snacks, famed for pioneering the refrigerated Greek yogurt bar, has been acquired by Stride Consumer Partners LLC. This collaboration signals a promising future as both companies aim to drive growth and innovation in the ever-competitive snack market.

Clio Snacks was founded by Sergey Konchakovskiy in 2015, when he creatively transformed an accidental batch of over-strained yogurt into a delicious chocolate-covered treat reminiscent of a cherished Eastern European dessert. This unique approach has not only revolutionized the way yogurt is consumed but has also positioned Clio as a standout player in the yogurt space. Today, Clio is on track to produce a staggering 150 million bars annually from its state-of-the-art factory in Piscataway, New Jersey.

Under the leadership of CEO John McGuckin, who joined in 2021, Clio has dramatically expanded its revenue and market presence. With the acquisition by Stride, a firm dedicated to nurturing consumer brands, Clio is gearing up to delve deeper into product innovation, broaden its distribution channels, and enhance operational capabilities. This partnership is underpinned by a shared vision to create a “better-for-you” snack that appeals to health-conscious consumers without compromising on indulgence.

Clio has swiftly expanded its reach, with its yogurt bars now available in approximately 60,000 retail locations across the nation. The brand's popularity has earned it a top spot on platforms like Instacart, where it ranks ninth among Greek yogurt brands. With plans to diversify its product line further, Clio is set to introduce various flavors and options, including mini multi-packs.

Stride’s investment comes with an unwavering belief in Clio's vision. Juan Marcos Hill, a partner at Stride, highlighted the admiration he and his team have for Clio’s innovative approach and the potential for growth in the health-conscious snack sector. The executives at Stride understand the burgeoning market for “permissive indulgence” snacks, where consumers are looking for healthier alternatives that still deliver on taste.

Clio Snacks’ unique selling proposition lies in its formulation that combines the nutritional benefits of Greek yogurt, including high protein and probiotics, with a rich, cheesecake-like texture wrapped in a delectable chocolate coating. This innovation has attracted a dedicated consumer base, eager for healthier snacking options that satisfy cravings for indulgent treats.

As Clio Snacks embarks on this new chapter, the partnership with Stride Consumer Partners aims to solidify its position as a leader in the yogurt snack market. By focusing on brand development and operational excellence, Clio hopes to bring its innovative products to an even wider audience, continuing to exceed consumer expectations.

With a dynamic team committed to pushing the boundaries of snack food, Clio Snacks is poised for an exciting future. For more information about their offerings and journey, visit www.cliosnacks.com.

About Clio Snacks

Founded in 2015 by Sergey Konchakovskiy, Clio Snacks emerged from a creative twist on traditional yogurt, evolving into a brand that captures the essence of delicious, convenient snacking. Headquartered in Piscataway, New Jersey, Clio is committed to transforming the yogurt aisle into a go-to destination for consumers seeking both flavor and nutrition.

About Stride Consumer Partners

Stride Consumer Partners, based in Boston, Massachusetts, specializes in investing in the next generation of consumer brands across various sectors. With a passion for supporting innovative entrepreneurs, Stride’s mission aligns perfectly with Clio’s vision for growth and expansion in the snack food market.