Divestiture • Beverages

Unilever Acquires Tazo Tea Co.

On November 2, 2017, Unilever acquired beverage company Tazo Tea Co. from Starbucks for 384M USD

Acquisition Context
  • This is Unilever’s 2nd transaction in the Beverages sector.
  • This is Unilever’s 7th largest (disclosed) transaction.
  • This is Unilever’s 17th transaction in the United States.
  • This is Unilever’s 1st transaction in Oregon.

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M&A Deal Summary

Date November 2, 2017
Target Tazo Tea Co.
Sector Beverages
Buyer(s) Unilever
Sellers(s) Starbucks
Deal Type Divestiture
Deal Value 384M USD

Target Company

Tazo Tea Co.

Portland, Oregon, United States
Tazo Tea Co. is a manufacturer and distributor of ready-to-drink tea. Tazo Tea Co. was founded in 1994 and is based in Portland, Oregon.
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Buyer Overview 1

Buyer

Unilever

London, United Kingdom

Category Company
Founded 1894
Sector Consumer Products
Employees115,964
Revenue 60.8B EUR (2024)
DESCRIPTION

Unilever is a multinational consumer goods company. Its products include food, beverages, cleaning goods and personal care products. Unilever was founded in 1894 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 34 of 46
Sector: Beverages 2 of 2
Type: Divestiture 7 of 7
State: Oregon 1 of 2
Country: United States 17 of 25
Year: 2017 7 of 9
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Mãe Terra

Osasco, Brazil

Mãe Terra is an organic food company that sources, manufactures, packages and distributes cereals, cookies, snacks and culinary products. Mãe Terra was established in 1979 and is based in Osasco, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Sundial Brands

Amityville, New York, United States

Sundial Brands LLC is a skin care and hair care manufacturer, making quality products possible with natural, certified organic and ethically-sourced ingredients. Sundial Brands LLC was established in 1992 and is based in Amityville, New York.

Buy -

Seller Profile 1

SELLER

Starbucks

Seattle, Washington, United States

Category Company
Founded 1971
Sector Beverages
Employees361,000
Revenue 36.2B USD (2024)
DESCRIPTION
Starbucks' corporate headquarters in Seattle, Washington.
Starbucks' corporate headquarters in Seattle, Washington.

Starbucks is a roaster, marketer, and retailer of specialty coffee. Starbucks purchases and roasts high-quality coffees that the Company sells, along with handcrafted coffee, tea, and other beverages and a variety of fresh food items, including snack offerings, through company-operated stores. Starbucks also sells a variety of coffee and tea products and licenses its trademarks through other channels such as licensed stores, grocery, and food service accounts. Starbucks was founded in 1971 and is based in Seattle, Washington.


Deal Context for Seller #
Overall 1 of 3
Sector: Beverages 1 of 2
Type: Divestiture 1 of 3
State: Oregon 1 of 1
Country: United States 1 of 3
Year: 2017 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-23 Teavana

Atlanta, Georgia, United States

Teavana is a specialty retailer offering a broad selection of specialty and flavored loose-leaf teas and tea-related merchandise through its mall-based stores.

Buy $620M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Evolution Fresh

San Bernardino, California, United States

Evolution Fresh is a producer of premium, all-natural juices. Evolution uses a pasteurization process known as high-pressure processing (HPP) to ensure flavor, freshness, and nutrition. Evolution Fresh was founded in 1995 and is based in San Bernardino, California.

Sell -