Unilever has completed its acquisition of US natural personal care brand Schmidt’s Naturals.
The deal, announced in December, adds to a string of acquisitions of what the Dutch-British multinational has called “purpose-led” companies, including Pukka Herbs, Mãe Terra and Sundial Brands.
Founded in 2010 by Jaime Schmidt, Schmidt’s Naturals started as a deodorant brand and has extended its offering to bar soap and toothpaste.
Commenting last month on the deal, Kees Kruythoff, president, Unilever North America, said: “Schmidt’s Naturals is a strong, innovative brand in the fast-growing natural category, and nicely complements our existing portfolio of US deodorants which includes leading brands Degree, Axe and Dove. The brand’s focus on transparency and mission to make natural products accessible to everyone aligns closely with Unilever values and represents an exciting category expansion for our family of brands.”
Alan Jope, president, Unilever Personal Care, added: “Schmidt’s Naturals is a great strategic fit for our Personal Care business, allowing us to reach new consumers who prefer natural options. We look forward to utilizing our Personal Care leadership to extend Schmidt’s Naturals into new sales channels and geographies.”
Co-founders Jaime Schmidt and Michael Cammarata will continue to be involved with the brand.
“Thanks to our community, what started humbly in my kitchen and local farmers’ markets has grown into homes worldwide”
“Today is a momentous day in the history of Schmidt’s Naturals as we announce our joining of the Unilever family of brands,” said Jaime Schmidt, founder, Schmidt’s Naturals. “Thanks to our community, what started humbly in my kitchen and local farmers’ markets has grown into homes worldwide. I am proud to say that as a result of our partnership with Unilever, we are better positioned than ever in our mission to make natural products accessible to all. Moreover, Unilever’s substantive actions towards creating a more sustainable and equitable future for diverse peoples across the planet further fuels the enthusiasm behind our alliance.”
Michael Cammarata, co-founder and CEO, Schmidt’s Naturals: “As long as I can remember, I’ve had one dream—to build and be part of a meaningful company that would help change the world and empower people everywhere to live their best lives. Today, Schmidt’s Naturals and Unilever are coming together to bring natural products to the world in new and innovative ways. Through our partnership, we look forward to Unilever taking Schmidt’s Naturals to new heights and cementing the brand’s mission.”
Terms of the deal were not disclosed.