Unilever is set to acquire Sundial Brands to expand its product portfolio in the personal care category.

Based in the UK, Unilever is a consumer goods manufacturer, whereas Sundial Brands is a skincare and haircare products manufacturer based in the US.

Sundial Brands will operate as a standalone unit within Unilever upon completion of the acquisition in Q1 2018.

“Unilever is set to acquire Sundial Brands to expand its product portfolio.”

Luxury Brands intends to expand into the beauty business through the acquisition of FHI Brands, a US-based haircare appliances and products manufacturer.

FHI Brands expects the acquisition to provide the required resources to expand its distribution and e-commerce business, as well as allow for a significant investment in product research and development (R&D).