Unilever Buys Sundial Brands for Undisclosed Sum
27 Novembre 2017 - 4:58PM
Dow Jones News
By Ian Walker
Anglo-Dutch consumer products firm Unilever PLC (ULVR.LN) said
Monday that it is buying New York-based personal-care products
company Sundial Brands for an undisclosed sum.
Unilever, which houses the Ben & Jerry's, Dove and
Hellmann's brands among its portfolio, said Sundial Brands, a
hair-care and skin-care company, will operate as a standalone unit
within the group. The company's 2017 turnover is expected to be
$240 million, and it will continue to be led by founder Richelieu
Dennis as chief executive and executive chairman.
The deal is expected to be complete in the first quarter of
2018, Unilever said.
Additionally, Unilever said it has appointed Esi Eggleston
Bracey as Executive Vice President and Chief Operating Officer of
Unilever North America Personal Care, from Jan. 1, 2018. As a part
of her role, Ms. Bracey will work closely with Mr. Dennis to
further accelerate growth and consumer connectivity of Sundial
Brands, Unilever said.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
November 27, 2017 10:43 ET (15:43 GMT)
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