Unilever Completes Sale of Alberto VO5 Brand in U.S. and Rave Brand Globally to Brynwood Partners VI L.P.
31 August 2011 - 11:00PM
Business Wire
Unilever announced today that it has completed the sale of the
Alberto VO5 brand in the United States and Puerto Rico and the Rave
brand globally to private equity firm Brynwood Partners VI L.P.,
following approval by the US Department of Justice (DOJ). Terms
were not disclosed.
The US DOJ had required the divestiture in connection with
Unilever’s $3.7 billion acquisition of the Alberto Culver Company,
which was completed on May 10, 2011.
Outside the United States and Puerto Rico, the Alberto VO5 brand
will remain in Unilever’s portfolio.
About Unilever
Unilever works to create a better future every day. We help
people feel good, look good and get more out of life with brands
and services that are good for them and good for others. Unilever
is one of the world’s leading suppliers of fast moving consumer
goods with strong operations in more than 100 countries and sales
in 180. Consumers buy 170 billion Unilever packs around the world
every year, and our products are used over two billion times a
day.
Our portfolio includes some of the world’s best known and most
loved brands including twelve €1 billion brands, and global
leadership in many categories in which we operate. The portfolio
features iconic brands such as: Knorr, Hellmann’s, Lipton, Dove,
Vaseline, TRESemmé, Nexxus, St. Ives and Simple.
We have around 167,000 employees, and generated annual sales of
€44.3 billion in 2010. For more information about Unilever and its
brands, please visit www.unilever.com.
In 2010, we launched the Unilever Sustainable Living Plan aiming
to halve our overall environmental footprint. Unilever is Food
Industry Leader in the Dow Jones Sustainability World Indexes for
the 12th year running. We are included in the FTSE4Good Index
Series and attained a top environmental score of 5, leading to
inclusion in the FTSE4Good Environmental Leaders Europe 40 Index.
We are also ranked 7th in the Global 100 Most Sustainable
Corporations in the World, a list compiled by Corporate Knights
Magazine. We achieved Platinum Plus standard in the UK’s Business
in the Community Corporate Responsibility Index 2009, and were
named Company of the Year in 2010.
About Brynwood Partners
Founded in 1984, Brynwood Partners is an operationally-focused
private equity fund that makes control investments in lower middle
market companies. Brynwood Partners targets companies operating in
the following sectors: (a) consumer products, (b) light
manufacturing with low capital intensity, and (c) businesses
services.
Brynwood Partners is currently managing over $500 million of
private equity capital for its limited partners who include U.S.
and international pension funds, fund-of-funds, endowments, high
net worth family investment offices and financial institutions. For
more information on Brynwood Partners, please visit www.brynwoodpartners.com.
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