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Kind (company)

From Wikipedia, the free encyclopedia
American food company

Kind LLC
Kind Healthy Snacks
Company typeSubsidiary
IndustrySnack Foods
Founded2004; 21 years ago (2004)
FounderDaniel Lubetzky
FateAcquired byMars in 2020
Headquarters,
U.S.
ProductsSnack Bars, Granola Bars, Granola
RevenueUS$5.0 billion
ParentMars, Incorporated
Websitewww.kindsnacks.com

Kind LLC (doing business asKind Healthy Snacks), stylized asKIND, is an American snack food company based in New York City. It was founded in 2004 byDaniel Lubetzky.[1] Since 2020, it has been a subsidiary ofMars Inc.

History

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Daniel Lubetzky founded Kind in 2004.[2][3] The company earned about $1 million dollars in revenue their first year.

In 2008,private equity firm VMG Partners invested in Kind.[4] The investment enabled the company to scale its sampling efforts to get more people to try Kind bars. When VMG got involved, Kind bars were only sold in 20,000 locations and Lubetzky's sampling budget was $800.[5] By 2009, that budget was $800,000 and offering free samples became a large part of the Kind marketing plan.[4] In 2014, Lubetzky bought all of VMG's shares.[6]

Today, Kind Bars are sold at more than 150,000 stores in the US.[7] In 2014, they sold over 458 million bars and granola pouches, almost doubling 2013's sales.[8] The company now has about five hundred employees.[1]

Kind acquired North Carolina–based Creative Snacks in October 2019.[9]

In February 2020, Kind launched an expansion into frozen bars, refrigerated nut-butter bars, and chocolate clusters.[9] In December 2020, Kind acquired snack bar company Nature's Bakery.[10]

Kind movement

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Through theKIND Movement, Kind aims to create a thriving community of people who choose kindness and make kindness a state of mind. In the spirit of this movement, in 2009, Kind launched Do the Kind Thing, an evolving platform that empowers people to turn KIND acts into support for causes.[11] The Kind Movement includes Kind acts, #kindawesome cards, and Kind Causes. To date, Kind has performed, facilitated and celebrated over 1 million Kind acts and has been recognized byTime magazine as a "New Way to Make a Difference".[12]

Mars ownership

[edit]

In 2017,Mars purchased a minority stake in Kind. The deal valued the company at over $4 billion. That same year, sales reached $718.9 million.[13]

In November 2020, Mars announced that it would increase its minority position to full ownership, in a deal worth $5 billion.[14][15][16]

Products

[edit]
A Strong & Kind hickory smoked almond protein bar

Kind currently offers eight lines: Kind Fruit & Nut, Kind Plus, Kind Nuts & Spices, Kind Healthy Grains Bars, Kind Healthy Grains Clusters, Strong & Kind, Kind Breakfast, Pressed by Kind, and Kind Frozen.[citation needed]

In 2008, they launched Kind Plus, a line of whole nut and fruit bars withfiber andantioxidants.[citation needed]

In 2010, they launched smaller portioned, 100 calorie-range Kind minis.[citation needed] In 2011, they launched a line of Kind Healthy Grains Clustersgranola, made from a blend of five grains.[citation needed] In 2012, Kind brought in Kind Nuts & Spices, made with whole nuts flavored with spices that contain 5g of sugar or less per bar.[citation needed] In 2013, Kind launched a line of Kind Healthy Grains granola bars.[17] In 2014, Kind launched its first savory snack line, Strong & Kind, which has 10 grams of soy-and-whey free protein.[18] Kind Breakfast was launched in 2016.[citation needed]

In 2016, Kind announced an extension to their nuts and spices and fruit and nut lines, to now include Dark Chocolate Almond & Mint.[19]

In non-English speaking countries, the brand is marketed as BE-KIND.[20]

See also

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References

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  1. ^abReady, Lauren."The amazing story behind that KIND bar you're eating". USA Today. RetrievedJanuary 12, 2016.
  2. ^"The Way I Work: Daniel Lubetzky of KIND". Inc. Magazine. January 12, 2010.
  3. ^"Holding fast to a mission, even now". Crain's New York Business. December 15, 2008.
  4. ^abFairchild, Caroline."Why Kind bars are suddenly everywhere". Fortune. RetrievedJuly 3, 2016.
  5. ^Bond, Shannon."An appetite for the greater good". Financial Times. RetrievedJuly 3, 2016.
  6. ^Best, Dean."How Kind aims to continue growth". Just Food. Archived fromthe original on June 18, 2016. RetrievedJuly 3, 2016.
  7. ^Kind Healthy Snacks Goes From Small to Big." Bloomberg Business. 2013-02-21.
  8. ^Friedman, Gabe."How a Holocaust legacy helped launch the Kind bar brand". Jewish Telegraphic Agency. RetrievedJanuary 20, 2016.
  9. ^abDua, Tanya."$4 billion snack maker Kind says it will spend 'tens of millions of dollars more' to market its new frozen and refrigerated products, and hit $1.6 billion in sales in 2020".Business Insider. RetrievedJuly 28, 2020.
  10. ^"Kind acquires Nature's Bakery".Food Dive. December 2, 2020. RetrievedJune 9, 2023.
  11. ^"Depending on the KIND-ness of Strangers".The New York Times. June 12, 2010.
  12. ^Caplan, Jeremy (September 10, 2009)."New Ways to Make a Difference". Time. Archived fromthe original on September 13, 2009.
  13. ^Sorkin, Andrew Ross; Merced, Michael J. de la (November 29, 2017)."Snickers Owner to Invest in Kind, Third-Biggest Maker of Snack Bars".The New York Times.ISSN 0362-4331. RetrievedJuly 28, 2020.
  14. ^"KIND and Mars Announce Next Step in Partnership to Build a Kinder World and Bring Healthy Snacks to People Worldwide Mars to acquire KIND North America; Partnership will build on growth across geographies and categories".Press Release. Mars, Incorporated. November 17, 2020. RetrievedNovember 20, 2020.
  15. ^Hirsch, Lauren (November 17, 2020)."Kind bars will be acquired by Mars, the maker of Snickers".Article. New York Times. RetrievedNovember 20, 2020.
  16. ^Au-Yeung, Angel."Billionaires United: Candy Maker Mars To Acquire Kind Bars In $5 Billion Deal".Forbes. RetrievedDecember 8, 2020.
  17. ^"KIND Healthy Snacks Launches Healthy Grains Bars Line".Daily Coffee News by Roast Magazine. October 9, 2013. RetrievedMarch 1, 2023.
  18. ^"KIND Introduces STRONG & KIND Savory Snacks". Natural Products Insider. RetrievedJanuary 12, 2016.
  19. ^"Nutrition Bar Update".Nutritionaloutlook.com. RetrievedApril 14, 2016.
  20. ^"FAQ - BE-KIND Snacks". RetrievedJune 5, 2022.

External links

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