The logo of the Unilever group is seen at the Miko factory in Saint-Dizier, France, May 4, 2016. REUTERS/Philippe Wojazer/File Photo

The logo of the Unilever group is seen at the Miko factory in Saint-Dizier, France, May 4, 2016. REUTERS/Philippe Wojazer/File Photo (Copyright Reuters 2016)

Unilever to boost home business with acquisition of Seventh Generation

Markets Reuters

Unilever is to buy Seventh Generation, a U.S.-based maker of soaps and detergents, it said on Monday, as it expands its home and personal care businesses.

Continue Reading Below

Financial terms were not disclosed.

Seventh Generation, based in Vermont, had 2015 turnover of more than $200 million, having seen double-digit compounded annual growth over the last 10 years.

(Reporting by Martinne Geller in London; Editing by Susan Fenton)