FMCG multinational Unilever has announced the acquisition of UK-based organic herbal tea and supplement company Pukka Herbs for an undisclosed amount.
Pukka Herbs is described as producing herbal teas made with 100% certified, organic and ethically sourced ingredients. The firm has a turnover of over £30 million ($40 million) and is currently recording growth of around 30%.
Unilever said that the acquisition would allow Pukka Herbs to scale, while also filling a gap in its own portfolio.
“Pukka is a premium player in the natural, organic, health and wellness segment which is fast-growing, attractive and scalable”, commented Kevin Havelock, Unilever refreshment category president. “Pukka has strong values and a clear purpose that aligns fully with our own sustainable growth model. There’s a clear strategic, philosophical and cultural fit for us”.