Davis Polk advised the CEO and co-founder of Schmidt’s Naturals in connection with the acquisition of Schmidt’s Naturals by Unilever. The transaction closed on December 31, 2017. Financial terms of the deal were not disclosed.
Schmidt’s Naturals is a personal care company based in Portland, Oregon, that offers natural deodorants, bar soap and toothpaste. Unilever is one of the world’s leading suppliers of food, home care, personal care and refreshment products with sales in over 190 countries and reaching 2.5 billion consumers a day.
The Davis Polk corporate team included partners Stephen Salmon and Richard D. Truesdell Jr. and associate Shanu Bajaj. Partner Rachel D. Kleinberg provided tax advice. Partner Kyoko Takahashi Lin provided executive compensation advice. Members of the Davis Polk team are based in the New York and Northern California offices.