Oatly Shares Soar 43% on Milk and Cookies Partnership
The world’s largest oatmilk company, Oatly (Nasdaq: OTLY) has entered a distribution arrangement in the United States with Insomnia Cookies. Oatly’s original and chocolate milk alternatives will be available at 250+ locations throughout the US, alongside Insomnia Cookies’ range of signature warm, delectable cookies, desserts, and ice creams.
Mike Messersmith, President, Oatly North America, said, “Among the most quintessential of food combinations has to be milk and cookies. Insomnia Cookies has built an amazing brand and reputation for providing fantastic cookies and more, whenever people are craving them, and we know that our Oatly oatmilks will be a perfect complement to any order. We’re delighted to continue building our foodservice footprint in the US with such a sweet partner.”
Highlights
Insomnia Cookies is known for serving warm cookies all day and late into the night.
Tom Carusona, Chief Marketing Officer, at Insomnia Cookies, said, “Oatly is the original oatmilk and has paved the way for the plant-based milk revolution. We’re excited to bring this new offering to our customers, who we know are increasingly looking for great non-dairy options that are better for the planet. Paired with our signature, warm delicious cookies, it’s a no-brainer.”
Oatly makes non-dairy milk alternatives that have the same creamy taste, frothy feel, and functionality as cow’s milk and also generally have a lower climate impact than cow’s milk.
Oatly Original and Chocolate oatmilks are available in 11oz single serve sizes at all Insomnia Cookies stores, as well as through online ordering platforms.
About Oatly
We are the world’s original and largest oat drink company. For over 25 years, we have exclusively focused on developing expertise around oats: a global power crop with inherent properties suited for sustainability and human health. Our commitment to oats has resulted in core technical advancements that enabled us to unlock the breadth of the dairy portfolio, including alternatives to milks, ice cream, yogurt, cooking creams, spreads and on-the-go drinks. Headquartered in Malmö, Sweden, the Oatly brand is available in more than 20 countries globally.
About Insomnia Cookies
Insomnia Cookies is a rapidly expanding late-night bakery concept headquartered in Philadelphia, PA. Founded in a University of Pennsylvania dorm room by then-student Seth Berkowitz, Insomnia Cookies has been feeding the insatiable hunger of loyal Insomniacs since 2003. Today, with more than 245 locations nationwide, Insomnia Cookies offers a wide variety of delicious cookies, ice cream, and other sweet treats in-store, for local delivery, and nationwide shipping. Details about Insomnia’s menu, delivery, and nationwide shipping options can be found here(late-night delivery until 1 a.m. or later).
