Without disclosing financial statements, the deal was announced earlier this week earlier this week.
Unilever reiterated on Friday that it would not disclose the terms of the deal, while the summit partners regularly did not respond to the request of a Reuters for regularly out of commercial hours. Reuters could not verify the FT report immediately.
Reuters reported last year that the summit was discovering the sale of men’s grooming brand on evaluation of more than $ 2 billion.
Launched in 2013 by founder and CEO Jack Hadrup, and named after the mythical creature Sasquach, Dr. Squatch began by selling handmade bars for men.
Los Angeles-based company currently sells deodorant, hair care products, colon, lotions and other individual care products through its website and through brick-and-mortar stores. Unilever had earlier said that Dr. Acquisition of squatch will complement its men’s personal care offerings, including AX and Pigeon Men+Care Deodorant, and it was internationally Dr. Will score squatch.
