Organic Chocolate, Truffle, Snack Manufacturer Alter Eco Foods Acquired

Feb. 2, 2024
Investment firm Trek One Capital has purchased the company, which sells its products in organic/natural retail grocery channels in the U.S., Canada, Australia and New Zealand.

Alter Eco Foods, a manufacturer of organic dark chocolate bars, truffles, granola and quinoa sold primarily through the organic/natural retail channel in the U.S., Canada, Australia and New Zealand, has been acquired by Trek One Capital, according to a release by the firm.

Alter Eco’s full cycle manufacturing process is 100% carbon neutral, the product packaging is recyclable (including compostable truffle wrappers), and raw materials are sourced from eco-friendly farms focused on regenerative farming, agroforestry, sustainable agriculture and fair-trade practices, the release said. All products are certified organic and the company is a certified B Corp.

Alter Eco was founded 20 years ago in support of South American cacao farmers, and it has see rapid growth in the organic/natural grocery channel. It expanded its portfolio to include a proprietary truffle thin bar product in a variety of flavors, the release said. Recently appointed CEO Keith Bearden is expected to continue to lead Alter Eco in partnership with Trek One.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.