Unilever buys Seventh Generation
DUTCH food and cosmetics giant Unilever is acquiring eco-conscious US cleaning products group Seventh Generation, expanding its range of environmentally friendly brands.
Based in Vermont, “Seventh Generation is a pioneer in corporate responsibility and sustainable product innovations, including plant-based detergents and household cleaners,” Unilever said in a statement.
The Dutch company has revealed neither the cost nor the expected date of the buy-out.
Seventh Generation’s turnover exceeded US$200 million in 2015, Unilever said, adding that “it has seen double digit compounded annual growth over the last 10 years”.
The US-based company sells recycled tissues, plant-based detergents, synthetic fragrance-free soaps and coconut oil-based products.
Active in more than 190 countries with a stable of household brands, including Lipton tea, Knorr soups, Rexona deodorants and Bertolli olive oils, Unilever employs some 169,000 people acround the world. –
The Unilever headquarters in Rotterdam, the Netherands. The Dutch-British giant is acquiring US company Seventh Generation.