Mon, Sep. 19, 6:58 PM
- Unilever (NYSE:UL) gained 1% in today's trade after it agreed to acquire sustainable cleaning products maker Seventh Generation for an undisclosed sum; WSJ reports that the sale amount was ~$700M.
- UL says Seventh Generation sales exceeded $200M in 2015 with double-digit compounded annual growth in the last 10 years.
- The deal is part of a push by UL to claim more of the natural section of supermarket aisles as gain more business from millennials who seek brands that are considered environmentally friendly.
Mon, Sep. 19, 1:35 PM
- Unilever (UN, UL) announces it acquired Seventh Generation for an undisclosed amount.
- Seventh Generation is a seller of natural and eco-friendly products, including green baby items (diapers, wipres, skin care, laundry).
- "Adding Seventh Generation to Unilever’s portfolio of purpose-driven brands like Ben & Jerry’s and Dove demonstrates our continued commitment to the Unilever Sustainable Living Plan," says the company.
- Unilever press release
Thu, Sep. 15, 7:25 PM
- Unilever (UL +1.2%) is reportedly in talks to acquire Jessica Alba's Honest Co. -- though it's looking to use a coupon.
- The consumer-products giant wants to pay less than the $1.7B that Honest Co. had in a fund-raising round last year, according to The Wall Street Journal, though the deal should still cross the $1B mark.
- Honest could still pursue an initial public offering, and talks with Unilever are at an early stage, a source tells WSJ.
- The firm, in which actress Alba is a co-founder and chief creative officer, had revenue of $170M in 2014, and has raised more than $200M from outsiders since its 2011 founding.
- After hours: UL -0.8%.
Wed, Jul. 20, 8:48 AM
- Unilever (UL, UN) confirms it acquired Dollar Shave Club. The company didn't disclose the transaction price, but earlier reports pegged it at $1B which would make the deal the third largest buyout in the e-commerce space ever after Zulilly and Wayfair. The transaction is also an exclamation point on the disruption that Dollar Shave Club achieved in a consumer products category once considered nearly impenetrable.
- The innovative shaving club sends razors directly to members for as little as $1 per month. Dollar Shave Club is on track to top $200M in turnover this year and has 3.2M members.
- Earlier this week, news broke that Procter & Gamble (NYSE:PG) is increasing its testing of online subscriptions. It's a trend to watch for Colgate-Palmolive (NYSE:CL), Kimberly-Clark (NYSE:KMB), and Edgewell Personal Care (NYSE:EPC).
- Previously: Fortune: Unilever buys Dollar Shave Club for $1B (July 20)
Wed, Jul. 20, 2:25 AM
- Dollar Shave Club, the start-up that upended the men's razor blade industry with its online-only subscription service, has been acquired by Unilever (NYSE:UL).
- No financial terms were disclosed, but multiple sources told Fortune that Unilever paid $1B in cash for the business.
- Mike Dubin, Dollar Shave Club's founder and chief executive, will retain the top job at the company.
Mon, May 23, 5:57 PM
- Unilever (NYSE:UL), L'Oreal (OTCPK:LRLCF), Henkel (OTCPK:HENKY) and other companies have submitted first-round bids in an auction for hair care products maker Vogue International, which could value Vogue at $2.5B-$3B, Reuters reports.
- The bids come three years after a lawsuit hurt Vogue's effort to sell itself; buyout firm Carlyle Group (NASDAQ:CG) acquired a 49% stake in the company last year.
- Florida-based Vogue produces OGX shampoo, which has enjoyed strong growth propelled by its colorful packaging which stands out in drugstore aisles.
Oct. 2, 2015, 11:19 AM
Sep. 24, 2014, 9:38 AM
- Colgate-Palmolive (NYSE:CL) is an attractive acquisition target with its core products seeing increasing demand in developing nations, reasons Bloomberg.
- Despite the company's large size, its broad distribution network could push a buyer to stretch the wallet a bit.
- A large balance sheet and a global reach would be needed to contemplate a Colgate-Palmolive takeover. Unilever (NYSE:UL) and Johnson & Johnson (NYSE:JNJ) might fit the bill, note analysts.
Sep. 21, 2014, 4:17 AM
- Just months before its recent C-suite shuffle, Clorox (NYSE:CLX) reportedly rebuffed a takeover offer from a rival.
- The spurned suitor valued Clorox at a 20% premium to its trading price.
- Logical suitors include Church & Dwight (NYSE:CHD), Procter & Gamble (NYSE:PG), Jarden (NYSE:JAH) and Unilever (UL, UN)
- In 2011 activist investor Carl Icahn offered $78/share for the company. Many believe the move was designed to tease out a strategic buyer. Shares closed Friday at $90.57.
Mar. 23, 2014, 2:47 AM
- Unilever's (UL) Ragu brand is attracting interest from Hormel Foods (HRL) and J.M. Smucker (SJM), Bloomberg reports, with Pinnacle Foods (PF), Hillshire Brands (HSH), Post Holdings (POST) and Japanese grocery supplier Mizkan also eying the pasta sauce.
- First round bids for Ragu, which could bring in up to $2B, are due in at the end of this week.
- The auction adds to Unilever's sale of other famous food brands such as Skippy peanut butter last year. Ragu makes up 40% of the company's pasta-sauce sales of $1.2B and is the U.S. market leader, but revenue has fallen 18% since 2009.
Jul. 5, 2013, 3:06 AMUnilever (UL) has increased its stake in Indian unit Hindustan Unilever to 67.28% from 52.48% for €2.45B after the latter's shareholders tendered 319.7M shares in response to Unilever's offer of 600 rupees ($9.90) a share. However, the Anglo-Dutch company missed its target of raising its holding to 75%. Upping its stake in Hindustan is part of Unilever's strategy to strengthen its position in emerging markets. | Jul. 5, 2013, 3:06 AM
May 4, 2013, 2:51 PM
Unilever (UL) plans to sell its salad dressing business, according to reports. The buzz is that the company is in the early stages of looking for a buyer with Goldman Sachs doing the legwork. The move was tipped off during Unilever's Q4 earnings call (transcript) when CEO Paul Polman indicated selling non-core food products was part of the company's strategic plan. Pinnacle Foods (PF) is getting bandied around as a potential acquirer of the business.| May 4, 2013, 2:51 PM
Apr. 30, 2013, 3:50 AM
Unilever (UN, UL) offers as much as $5.4B to boost its stake in its Indian unit Hindustan Unilever to a maximum of 75%. Unilever's 600 rupee/share bid is a 20.6% premium to Monday's close, but analysts say that may not be enough to entice foreign funds holding the shares to gain exposure to a hot Indian market. (PR)| Apr. 30, 2013, 3:50 AM | 1 Comment
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