Unilever NV (NYSE: UL, NYSE: UN, LSE: ULVR, Euronext: UNA, TTSE: UCL) was founded in 1927 and is headquartered in Rotterdam, the Netherlands. It has 149,867 full-time employees, second only to Procter & Gamble . The world’s second largest fast-moving consumer goods company, its main operations include the Americas, Europe, Asia, Australia, Africa, the Middle East, Turkey, Russia, Ukraine and Belarus.
Unilever NV (UN):
Unilever Group is mainly engaged in the manufacture of consumer products, including food, household and personal health products. It is a head company in the Unilever family (a subsidiary of The Unilever Group), and Unilever PLC is another head company.
Unilever NV operates through 4 departments : Personal Care, Foods, Refreshment and Home Care.
- Personal Care Department: Provide skin care and hair care products, deodorants, and oral care products, brands include: Dove (Dove), Rexona, Axe (axe), Lux (lux), Sunsilk (Sunsilk), Lifebuoy and Regenerate.
- Food department: Provide soup, broth, soy sauce, snacks, mayonnaise, salad dressing, margarine, etc. Brands include: Knorr, Hellmann’s, Rama/Blue Band, Becel and Flora ProYactiv.
- Refreshment department: Provide ice cream and tea-based beverages and weight management products. Brands include: Wall’s, Magnum, Cornetto, Ben & Jerry’s, Lipton, Brooke Bond, PG tips and Totali Gelato & Sorbetto, and operate chain stores under the T2 brand and sell Tea and tea set.
- Home care department: Provides home care products, soap bars and various cleaning products in powder, liquid and capsules. Brands include: Cif, Domestos, Persil, Omo and Comfort.
Unilever NV mainly sells its products through its own sales force, independent brokers, agents, distributors, chain agencies, wholesalers, cooperative and independent grocery stores, food service distributors and institutions.
Unilever is the world’s second largest fast-moving consumer goods company after Procter & Gamble .
In February 2017, Kraft Heinz cancelled its hostile takeover offer for Unilever, but Citi pointed out that Unilever is not yet ready to relax. Citi said: “There is still room for the two parties to reach some kind of agreement in the future. This may not necessarily be the entire group, but for example the food and snack business. This may unexpectedly change Unilever’s product portfolio.
Unilever NV (UN) History:
- The history of Margarine Unie can be traced back to 1872, when Antoon Jurgens founded the world’s first margarine factory in Oss, Netherlands. In 1888, Samuel van den Bergh, a hometown of Joggens’ Oss, founded another mac-cream factory in Kleve. The two companies later merged in 1927 to become Union McGregor.
- The British Lever Brothers was founded in 1885 by the brothers William Hesketh Lever and James Darcy Lever. It was the first to produce soap, and then gradually Acquire various food and daily chemical businesses.
- In 1929, Lever Brothers and Margarine Unie signed an agreement to merge and form Unilever.
- In 1932, Lihua Brothers Soap Company established a soap factory in Shanghai. In 1986, Unilever established a joint venture “Shanghai Lihua Co., Ltd.” at the original site.
- In 1984, Unilever launched a cooperative relationship with Taiwanese detergent manufacturer Guolian Industrial. Unilever acquired 51% of the shares of Guolian Industrial, but Guolian Industrial did not change its name because Unilever attached great importance to the brand image of “Branchi Washing Powder” and the League of Nations. Industrial business marketing pipeline. In 1992, Unilever set up a Xinfeng factory in Xinfeng Township, Hsinchu County. In 1997, Unilever owned up to 99% of the shares of Guolian Industrial, and Guolian Industrial was renamed “Unilever Co., Ltd.”
- On September 25, 2009, Unilever acquired Sally’s global body care and European detergent businesses for 1.275 billion euros (1.88 billion US dollars). Sally owns brands such as Sanex and Radox. The acquisition of Sally Company was completed on December 6, 2010.
- On September 27, 2010, Unilever will acquire Alberto-Culver, a manufacturer of hairdressing brands, for US$3.7 billion in cash, which owns TRESemmé, Nexxus, VO5, Simple and many other brands. After the transaction is completed, Unilever will become the world’s largest hair care product company, the second largest shampoo, and the third largest hair styling product company.
- In 2013, Unilever invested hundreds of millions of NT dollars to upgrade and renew the equipment of the Hsinchu Xinfeng plant.
- In January 2013, Unilever agreed to sell the Skippy peanut butter brand and its related manufacturing plants in Little Rock, Arkansas, USA and Weifang, Shandong, China to Hormel Foods for a price of US$700 million in cash.
- On March 11, 2014, Unilever acquired a 55% stake in Zhejiang Qinyuan Group, the world’s first manufacturer of water purifiers for drinking fountains.
- On December 2, 2014, Unilever announced the acquisition of Talli, the highest-selling Italian ice cream brand in the United States.
- On March 2, 2015, Unilever agreed to acquire REN Skincare, a British skin care product manufacturer, to strengthen its high-end personal care product line.
- On May 9, 2015, Unilever agreed to acquire Kate Somerville, an independent high-end skin care brand, to strengthen its high-end personal care business.
- In July 2016, Unilever acquired Dollar Shave Club, a five-year-old razor startup in the United States, for US$1 billion.
- On August 16, 2016, Unilever acquired Blueairn, Stockholm, Sweden, a world-renowned provider of air purification technology and solutions. The two parties did not disclose the value of the transaction.
- On September 26, 2016, Unilever acquired Seventh Generation Inc., a US supplier of natural cleaning products, for US$700 million.
- On December 16, 2016, Unilever announced the acquisition of Living Proof, a hair care brand that uses science and technology to solve hair problems. The two parties did not disclose the value of the transaction.
- On February 17, 2017, Kraft Heinz proposed to acquire Unilever for a total of US$50 per share in cash of US$30.23 per share and 0.222 shares of the new company’s shares, for a total of £112 billion (US$143 billion). Unilever rejected this acquisition proposal.
- On April 20, 2017, Unilever acquired Sir Kensington’s, a New York organic and natural condiment manufacturer, for US$140 million.
- On May 18, 2017, Unilever acquired the personal and home care brands of Quala, a consumer goods company focusing on hair care and oral care in Latin America, including Savital/Savilé (hair care and skin cleaning), eGo (men’s hair care and styling), Bio-Expert (hair care), Fortident (oral care) and Aromatel (fabric care agent).
- On June 20, 2017, Unilever announced that it had reached an acquisition agreement with beauty brand Hourglass.
- On September 23, 2017, Unilever spent 11.9 billion South African Rand (6.973 billion Hong Kong dollars) to purchase a 25.75% stake in Unilever’s South African subsidiary. In exchange, Unilever will sell its jam business in South Africa and four other countries to Remgro. In exchange for the South African jam business held by the company and 4.9 billion South African rand (370 million US dollars) in cash, the total value is 11.9 billion South African rand (900 million US dollars). This means that the company’s jam business is valued at 7 billion South African rand ($530 million).
- On September 26, 2017, Unilever spent 2.27 billion euros (approximately US$2.7 billion) (approximately 21.138 billion Hong Kong dollars) to purchase from Bain Capital and Goldman Sachs Carver Korea, the third largest cosmetic and skin care product manufacturer in Korea. Carver Korea owns the AHC makeup brand, with sales of 321 million euros ($383 million) last year, and EBITDA of 137 million euros ($163 million).
- On November 1, 2017, Starbucks sold its tea brand “Tazo” (Tazo) to Unilever for US$384 million.
- On December 16, 2017, Unilever agreed to sell the butter and jam business to private equity fund KKR for 6.83 billion Euros ($8.04 billion) . The brands sold include Becel, Flora, Country Crock and Blue Band.
- On December 25, 2017, Unilever acquired Schmidt’s Naturals, an American brand of natural deodorants. The two parties did not disclose the value of the transaction.
- In December 2018, Unilever acquired Vegetarian Butcher, a Dutch vegetarian meat food manufacturer.
- On January 30, 2019, Unilever acquired The Laundres, an environmentally friendly home care product brand. The two parties did not disclose the value of the transaction.
- On February 13, 2019, Unilever acquired the British healthy snack brand Graze from the investment company group Carlyle . The specific transaction amount has not been announced. According to sources, the transaction price is around 150 million pounds.
- On April 12, 2019, Unilever acquired the well-known toothpaste brands Fluocaril and Parogencyl in the French and Spanish markets under P&G.