AFP, The Hague :
Dutch food and cosmetics giant Unilever said on Monday it was 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 $200 million (180 million euros) in 2015, Unilever said, adding that “it has seen double digit compounded annual growth over the last 10 years.”
