Unilever to Acquire Seventh Generation, Inc.

LONDON & ROTTERDAM, Netherlands–(BUSINESS WIRE)–Unilever announced today that it has signed an agreement to acquire
Seventh Generation, Inc., the North American home and personal care
products company.

Based in Vermont, Seventh Generation is a pioneer in corporate
responsibility and sustainable product innovations, including
plant-based detergents and household cleaners. The company’s turnover
exceeded US $200m in 2015 and it has seen double digit compounded annual
growth over the last 10 years.

Seventh Generation has a comprehensive product portfolio and a
distribution network covering the ‘natural’ category in grocery, mass
merchandise and e-commerce channels.

Nitin Paranjpe, President of Unilever’s Home Care business said:
“Seventh Generation has long been a disruptor in the US marketplace,
leading the industry in sustainable innovation while attracting new
generations of conscious consumers. This addition to Unilever’s product
portfolio will help us meet rising demand for high-quality products with
a purpose.”

Kees Kruythoff, President of Unilever North America, added: “We’re
thrilled to add Seventh Generation to our brand portfolio, providing us
with the opportunity to accelerate growth with our retail partners and
connect in new ways with consumers. 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.”

Seventh Generation CEO John Replogle said: “For 28 years, Seventh
Generation has been creating products that are not only effective but
also designed with environmental and human health in mind while
demonstrating that business can have a greater purpose, serving not just
profit but people and the planet as well. Today marks the next chapter
and we’re proud to join Unilever and its shared vision for purpose-led
business on a global scale. Working together we are confident we can
have a positive impact on the health of billions of people around the
world, truly fulfilling our mission of nurturing the next seven
generations while transforming global commerce.”

Terms of the deal were not disclosed. The transaction is subject to
customary regulatory approvals.

About Unilever:

Unilever is one of the world’s leading suppliers of Personal Care, Food,
Home Care and Refreshment products with sales in over 190 countries and
reaching 2 billion consumers a day. It has 169,000 employees and
generated sales of €53.3 billion in 2015. Over half (58%) of the
company’s footprint is in developing and emerging markets. Unilever has
more than 400 brands found in homes around the world, including Persil,
Dove, Knorr, Domestos, Hellmann’s, Lipton, Wall’s, PG Tips, Ben &
Jerry’s, Marmite, Magnum and Lynx.

Unilever’s Sustainable Living Plan commits to:

  • Helping more than a billion people take action to improve their
    health and well-being by 2020.
  • Halving the environmental impact of our products by 2030.
  • Enhancing the livelihoods of millions of people by 2020.

Unilever was ranked number one in its sector in the 2016 Dow Jones
Sustainability Index. In the FTSE4Good Index, it achieved the highest
environmental score of 5. It led the list of Global Corporate
Sustainability Leaders in the 2016 GlobeScan/SustainAbility annual
survey for the sixth year running. Unilever was ranked the most
sustainable food and beverage company in Oxfam’s Behind the Brands
Scorecard in 2016 for the second year.

For more information about Unilever and its brands, please visit www.unilever.com.
For more information on the USLP: www.unilever.com/sustainable-living/

About Seventh Generation

Established in 1988, in Burlington, Vermont, Seventh Generation is one
of the leading US brands of household and personal care products. The
company lives its commitment of “caring today for seven generations of
tomorrows,” with products formulated to provide mindful solutions for
the air, surfaces, fabrics, pets and people within your home — and for
the community and environment outside of it. A pioneer in corporate
responsibility, Seventh Generation continually improves ways to reduce
its environmental impact, increase performance and safety, and create a
more sustainable supply chain. To learn more about Seventh Generation
products and business practices, locate a retailer in your area, or
review Seventh Generation’s Corporate Consciousness Report, visit www.seventhgeneration.com.

Safe Harbour:

This announcement may contain forward-looking statements, including
‘forward-looking statements’ within the meaning of the United States
Private Securities Litigation Reform Act of 1995. Words such as ‘will’,
‘aim’, ‘expects’, ‘anticipates’, ‘intends’, ‘looks’, ‘believes’,
‘vision’, or the negative of these terms and other similar expressions
of future performance or results, and their negatives, are intended to
identify such forward-looking statements. These forward-looking
statements are based upon current expectations and assumptions regarding
anticipated developments and other factors affecting the Unilever group
(the “Group”). They are not historical facts, nor are they guarantees of
future performance.

Because these forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual
results to differ materially from those expressed or implied by these
forward-looking statements. Among other risks and uncertainties, the
material or principal factors which could cause actual results to differ
materially are: Unilever’s global brands not meeting consumer
preferences; Unilever’s ability to innovate and remain competitive;
Unilever’s investment choices in its portfolio management; inability to
find sustainable solutions to support long-term growth; customer
relationships; the recruitment and retention of talented employees;
disruptions in our supply chain; the cost of raw materials and
commodities; the production of safe and high quality products; secure
and reliable IT infrastructure; successful execution of acquisitions,
divestitures and business transformation projects; economic and
political risks and natural disasters; financial risks; failure to meet
high ethical standards; and failure to comply with laws and regulations,
including tax laws. These forward-looking statements speak only as of
the date of this announcement. Except as required by any applicable law
or regulation, the Group expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in the
Group’s expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
Further details of potential risks and uncertainties affecting the Group
are described in the Group’s filings with the London Stock Exchange,
Euronext Amsterdam and the US Securities and Exchange Commission,
including in the Group’s Annual Report on Form 20-F for the year ended
31 December 2015 and the Annual Report and Accounts 2015.


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