Unilever PLC·Consumer Defensive

When Chad Janis had the idea to sell gummy-bear-shaped nutritional supplements four years ago, he had to convince manufacturers it could be done and retailers that customers would prefer his green gummies.

Grüns is a supplement brand that was created in 2023 with an innovative idea: make supplementation an easy, daily habit through grab-and-go gummies. Less than three years later, it is being acquired for more than a billion by Unilever's Wellbeing division.

Cardinal Capital Management Inc. lessened its position in Unilever PLC (NYSE: UL) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 383,058 shares of the company's stock after selling 49,626 shares during the period. Cardinal Capital Management

"Both shareholders win in this. What they get is a larger food company that's faster growing with stronger margins and an ability to really, kind of really, build out globally," says McCormick CEO Brendan Foley on the spice makers recent deal to combine its food business with Unilever.

McCormick CEO Brendan Foley joins 'Squawk on the Street' to discuss the company's deal with Unilever, how investors should digest the deal, where the company expects growth, and more.

Unilever said on Thursday it will buy U.S.-based supplements brand Grüns for an undisclosed amount, as it pivots towards beauty and wellbeing categories.
Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories. The Home Care segment provides fabric solutions and various cleaning products. The company offers its products under the Domestos, OMO, Seventh Generation, Ben & Jerry's, Knorr, Magnum, Wall's, Bango, the Vegetarian Butcher, Axe, Cif, Comfort, Dove, Lifebuoy, Lux, Rexona, Sunsilk, Equilibra, OLLY, Liquid I.V., SmartyPants, Onnit, Hellmann's, and Vaseline brands. Unilever PLC was incorporated in 1894 and is headquartered in London, the United Kingdom.
Consumer Defensive
Household & Personal Products
115,964
1980-03-25
0.46