Unilever buys Sev­enth Gen­er­a­tion

The Myanmar Times - - International Business -

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. –

Photo: EPA

The Unilever head­quar­ters in Rot­ter­dam, the Netherands. The Dutch-Bri­tish gi­ant is ac­quir­ing US com­pany Sev­enth Gen­er­a­tion.

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