Unilever announced Sep. 2 that it has signed an agreement to acquire Liquid I.V., a U.S-based health-science nutrition and wellness company, it was stated on the site of the company.
Based in El Segundo, California, Liquid I.V. was founded in 2012 by entrepreneur Brandin Cohen. Liquid I.V.’s electrolyte drink mixes utilise Cellular Transport Technology (CTT®) which enhances the rapid absorption of water and other key nutrients into the bloodstream, helping people feel better, faster. Based on the World Health Organization’s guidelines for the clinically proven Oral Rehydration Solution (ORS), that prevents and treats dehydration, one serving of Liquid I.V. can provide up to 2–3 times the hydration of water alone.
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.
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.
Unilever is a supplier of consumer consumer goods, operating in more than 100 countries and delivering its products to 190 countries around the world. Unilever's brands include Knorr, Hellmann's, Lipton, Dove, Vaseline, Omo, Cif, Signal, and Domestos.
