Unilever to buy Seventh Generation of U.S.
Vermont-based Seventh Generation's products include recycled tissues, organic tampons and dish soap with plant-based ingredients. Its focus on sustainability echoes that of Unilever, which has tried to put environmental concerns at the forefront of its business.
Unilever has said its more sustainably minded brands, such as Dove soap and Ben & Jerry's ice cream, outperform its other brands, which range from Lipton tea to Knorr soups.
Financial terms of the deal were not disclosed, though Unilever said Seventh Generation had a 2015 turnover of more than $200 million, having seen double-digit compounded annual growth over the last 10 years. ■