Industry Blog
Unilever PLC announced the acquisition of Seventh Generation Inc., a leading provider of natural home and personal care products, with a portfolio spanning household, baby and feminine care.
Sources familiar with the deal estimate the transaction value to be around $700 million.
Seventh Generation, founded in 1988, generated revenue of more than $200 million in 2015, implying a revenue multiple of over 3x. The acquisition will expand Unilever’s presence in natural and sustainable products and further increases its footprint in the U.S. market for detergents, hand soap, diapers and tampons, where it has traditionally competed against Procter & Gamble.
The announcement comes days after reports emerged that Unilever was in early-stage talks to acquire the Honest Co.