25 June 2018 - Deborah Wilkes
Unilever is set to take a 75% stake in Italian personal care and wellbeing business Equilibra.
Equilibra markets a range of "natural" personal care products, including haircare and skincare lines, as well as vitamins, minerals and supplements (VMS).
Alan Jope, Unilever's president Beauty & Personal Care, said Equilibra enjoyed "great recognition in the market" and there were "opportunities for further development in what is a fast-growing segment".
Franco Bianco, founder of Equilibra, said the deal would strengthen the business in Italy and drive international expansion.
Unilever said Equilibra would be run as a stand-alone operation. The Bianco family will continue to run the business, with Marco Bianco as chief executive officer and Franco Bianco as honorary chairman.
Financial terms of the deal were not disclosed. The transaction is subject to regulatory approval and customary closing conditions.
Take out an Annual Subscription to the OTCToolbox website, giving you UNLIMITED ACCESS to all of our publications
* OTCToolbox Innovations magazine NEW IDEAS BETTER WAYS
* OTCToolbox Deals Database
* Premium News Stories
* News Extras
* OTC Deal Trends Briefing
* OTC Company Strategies Report
Helping you and your company make well-informed decisions
CLICK HERE TO FIND OUT MORE