Sisters-based Laird Superfood has acquired Bend-based Picky Bars for approximately $12 million in cash and stock.
Laird Superfood has been growing its footprint in Central Oregon since it was founded by professional surfer Laid Hamilton and entrepreneur Paul Hodge in 2015. It currently occupies a more than 20,000 square foot space in Sisters and employs 115 people.
The plant-based food manufacturer raised $52 million in an initial public offering last fall, giving it an influx of working capital. That enabled the company to acquire Picky Bars.
“We’ve known the Picky Bars team for years and have always been impressed by their work,” Hamilton said in a statement. “For us, it’s about finding that authentic connection and passion for building delicious, better-for-you-food that everyone can enjoy, and we see that same drive within Picky Bars. Being able to work alongside them to grow together will make us stronger together.”