One Giant Conglomerate Is Buying Up All The Hip, Green Companies
‘Unilever announced Monday that it plans to buy Seventh Generation, adding the eco-conscious home goods company to its stable of chic, green brands.
The transaction marks the latest move by Unilever, an Anglo-Dutch behemoth with a stock market value of about $136.2 billion, to position itself as a top provider of sustainable personal care and consumer goods.
Privately held Seventh Generation sold $200 million of all-natural products ― from household cleaners and detergents to organic tampons and baby wipes ― in the United States last year. For the past nine years, the Vermont-based firm has been registered as a benefit corporation, a voluntary certification that requires companies to adhere to strict environmental and social-good standards.’
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