The Service of the Commission for the Protection of Competition has received a notification of a concentration, according to Section 10 of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of the share capital of Onnit Labs, Inc. by Conopco, Inc..
Conopco, Inc. that is traded under the brand name Unilever is a company duly registered under the laws of New York, and is active in the fields of food, home care and personal care. The parent company of the group of companies to which Conopco, Inc. belongs to, is Unilever plc.
Unilever plc is a public company duly registered under the laws of England and Wales. Ordinary shares and certificates of deposit of ordinary shares of Unilever plc are listed on the London Stock Exchange, at the Euronext in Amsterdam and as American Certificates of Deposit on the New York Stock Exchange. Unilever is active in the supply of fast-moving consumer goods. Its main activities are in the fields of food, home care and personal care.
Onnit Labs, Inc., that is the target of this merger, is a company duly registered under the laws of Delaware of the United States of America. The Target is a health and wellness company focused on creating naturally occurring nutritional supplements, functional foods based on state-of-the-art ingredients, and nutritional research and functional fitness equipment designed to enhance strength and endurance.