The Hershey Co. has completed its acquisition of Boulder-based ONE Brands, maker of low-sugar, high-protein nutrition bars, according to a Hershey news release.

The purchase price was $397 million.

“ONE Brands is a great addition to Hershey’s growing portfolio of better-for-you snacking brands, and we are excited about getting to work with this talented team,”  Mary Beth West, Hershey’s chief growth officer, said in a statement.

ONE Brands will complement Hershey’s existing Oatmega business, which was acquired as part of the 2018 acquisition of Amplify Snack Brands, Inc., and its recent investment in FULFIL Holdings limited, according to the news release.

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