Unilever to acquire Liquid I.V.
Englewood Cliffs, N.J. – Unilever announced today that it has signed an agreement to acquire Liquid I.V., a U.S-based health-science nutrition and wellness company.
Based in El Segundo, California, Liquid I.V. was founded in 2012 by entrepreneur Brandin Cohen. Liquid I.V.’s electrolyte drink mixes utilize Cellular Transport Technology (CTT®) which enhances the rapid absorption of water and other key nutrients into the bloodstream, helping people feel better, faster. Liquid I.V. is based on the World Health Organization’s guidelines for the clinically proven Oral Rehydration Solution (ORS), that prevents and treats dehydration.
Liquid I.V. provides a 360-degree approach to wellness with a product range that includes Hydration, Energy and Sleep. Liquid I.V. is also non-GMO, vegan, gluten free, soy free and dairy free.
Fabian Garcia, President of Unilever North America, said: “Liquid I.V. is an impressive and innovative brand in the fast-growing health, wellness and personal nutrition space. Liquid I.V. shares Unilever’s purpose to improve people’s health and wellbeing, as well as our ambition to create sustainable products that have a positive social impact. We are delighted to welcome Liquid I.V. to Unilever’s portfolio of purpose-driven brands.”
Brandin Cohen, Liquid I.V. founder and CEO, stated: “We are excited to work together with Unilever to scale the brand and amplify Liquid I.V.’s mission to help people everywhere live better lives – to optimize the body, hydrate those in need, and better the planet.”
Liquid I.V. will continue to be based in El Segundo, California, and led by Brandin Cohen, who will remain as Chief Executive Officer and Founder.
Terms of the deal were not disclosed. The acquisition is subject to regulatory approvals and customary closing conditions.
About Liquid I.V.
Liquid I.V. is a health-science nutrition and wellness company based out of El Segundo, CA, created to fuel life's adventures. Their drink mixes are great tasting, non-GMO, made in the USA, and contain no artificial ingredients. Liquid I.V. utilizes Cellular Transport Technology (CTT®) to deliver hydration and other key nutrients rapidly into the bloodstream – helping consumers feel better, faster. As part of their 1 to1 Giveback Mission to Change the World, Liquid I.V. has donated over 5M servings to people in need around the globe. Liquid I.V. can be found in more than 30,000 stores across the country including the world's leading specialty, big box and online retailers including: Costco, Target, Whole Foods Market, Amazon, CVS, Walgreens, Albertsons, and many more. For more information, please visit www.liquid-iv.com.
Unilever’s Sustainable Living Plan (USLP) underpins the company’s strategy and commits to:
- Helping more than a billion people take action to improve their health and well-being by 2020.
- Halving the environmental impact of our products by 2030.
- Enhancing the livelihoods of millions of people by 2020.
The USLP creates value by driving growth and trust, eliminating costs and reducing risks. The company’s sustainable living brands delivered 78% of total growth and 75% of turnover in 2019.
Since 2010 we have been taking action through the Unilever Sustainable Living Plan to help more than a billion people improve their health and well-being, halve our environmental footprint and enhance the livelihoods of millions of people as we grow our business. We have made significant progress and continue to expand our ambition – in 2019 committing to ensure 100% of our plastic packaging is fully reusable, recyclable or compostable by 2025. While there is still more to do, we are proud to have been recognised in 2019 as sector leader in the Dow Jones Sustainability Index and in 2020 - for the tenth-consecutive year - as the top ranked company in the GlobeScan/SustainAbility Sustainability Leaders survey.
For more information about Unilever and its brands, please visit www.unilever.com.
For more information on the USLP
Where relevant, these actions are subject to the appropriate consultations and approvals.
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