Unilever Acquires Marina Del Rey-Based Dollar Shave Club

MARINA DEL REY, CA — One of the world’s leading suppliers of food, home and personal care products, Unilever, bought Marina del Rey-base Dollar Shave Club, the company announced. The terms of the merger were not disclosed.

Dollar Shave Club, founded in 2012, has grown into full male grooming business with 3.2 million members. Dollar Shave Club made $152 million in 2015 and is on track to make more than $200 million in 2016.

“Dollar Shave Club is an innovative and disruptive male grooming brand with incredibly deep connections to its diverse and highly engaged consumers,” said Kees Kruythoff, President of Unilever North America.

Besides shaving products, Dollar Shave Club will also add Wanderer men’s personal wash products, Big Cloud men’s skin care products, Boogies hair styling products, and One Wipe Charlies daily wipes to Unilever's portfolio.

“DSC couldn’t be happier to have the world’s most innovative and progressive consumer-product company in our corner," founder and CEO of Dollar Shave Club Michael Dubin said. "We have long admired Unilever’s purpose-driven business leadership and its category expertise is unmatched. We are excited to be part of the family.”

Dubin will continue to serve as CEO of DSC.

The sale is subject to regulatory approval with the transaction expected to close during the third quarter of 2016.

— Photo courtesy of Dollar Shave Club