UK $148 Billion Packaged Food Giant Unilever Buys Men Personal Care Brand Dr Squatch for $1.5 Billion from $46 Billion Private Equity Group Summit Partners, Dr Squatch Founded in 2013 by Jack Haldrup, Unilever Founded in 1929 by Margarine Unie & Lever Brothers, Unilever Brands Include Dove, Sunsilk, Lux, PONDS’, Rexona, Vaseline, Lipton, Knorr, Ben & Jerry’s, Cornetto, Magnum & Wall’s
28th June | Hong Kong
UK packaged food giant Unilever ($148 billion market value) has announced to by men personal care brand Dr Squatch for $1.5 billion from private equity group Summit Partners ($46 billion AUM). Dr Squatch was founded in 2013 by Jack Haldrup. Unilever was founded in 1929 by Margarine Unie & Lever Brothers. Unilever brands include Dove, Sunsilk, Lux, PONDS’, Rexona, Vaseline, Lipton, Knorr, Ben & Jerry’s, Cornetto, Magnum & Wall’s. Unilever – Unilever is one of the world’s leading suppliers of Food, Home and Personal Care products with sales in over 190 countries. Our products are present in 7 out of 10 homes globally and are used by over 2 billion people on a daily basis. We work with 173,000 colleagues around the world and generated annual sales of over €50 billion in 2012. Over half of our company’s footprint is in the faster growing developing and emerging markets (55% in 2012). Working to create a better future every day, we help people feel good, look good and get more out of life. Our portfolio includes some of the world’s best known brands such as Knorr, Persil / Omo, Dove, Sunsilk, Hellmann’s, Lipton, Rexona / Sure, Wall’s, Lux, Rama, Ponds and Axe, 14 of which now generate a turnover of €1 billion or more. Dr. Squatch – Dr. Squatch, a natural men’s soap and personal care company and one of the fastest-growing personal care companies in the USA. Dr. Squatch’s hero products include natural cold process bar soap, body wash, deodorant, hair care, lip balm, and cologne. Dr. Squatch’s mission is to inspire and educate men to be happier and healthier with natural, high-performance products that are crafted in the USA. Summit Partners – Summit Partners is a leading growth-focused investment firm. Summit invests across growth sectors of the economy and, since the firm’s founding in 1984, has invested in more than 550 companies in technology, healthcare and other growth industries. These companies have completed more than 175 public equity offerings, and more than 250 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe and seeks to invest in category-leading, profitable growth companies worldwide.
“ UK $148 Billion Packaged Food Giant Unilever Buys Men Personal Care Brand Dr Squatch for $1.5 Billion from $46 Billion Private Equity Group Summit Partners, Dr Squatch Founded in 2013 by Jack Haldrup, Unilever Founded in 1929 by Margarine Unie & Lever Brothers, Unilever Brands Include Dove, Sunsilk, Lux, PONDS’, Rexona, Vaseline, Lipton, Knorr, Ben & Jerry’s, Cornetto, Magnum & Wall’s “
UK $148 Billion Packaged Food Giant Unilever Buys Men Personal Care Brand Dr Squatch for $1.5 Billion from $46 Billion Private Equity Group Summit Partners, Dr Squatch Founded in 2013 by Jack Haldrup, Unilever Founded in 1929 by Margarine Unie & Lever Brothers, Unilever Brands Include Dove, Sunsilk, Lux, PONDS’, Rexona, Vaseline, Lipton, Knorr, Ben & Jerry’s, Cornetto, Magnum & Wall’s
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