SRH Law assisted Seventh Generation Ventures, Inc. with the recent acquisition from the Gamila Company of the Teastick tea infuser and Impress single-serve coffee maker lines of business. The Teastick and Impress lines will complement the company’s existing bobble water filtration business. The transaction has been reported widely by numerous sources, such as the Wall Street Journal.
The Triangle Business Journal recently spoke with Seventh Generation CEO John Replogle about the ventures wing of the Seventh Generation brand and its recent acquisition. The article, “How Al Gore and sustainability led Seventh Gen’s Replogle to buy a Raleigh coffee startup,” describes the meeting between Replogle, Al Gore, and William McDonough that resulted in Replogle’s introduction to Gamila founder, Aly Khalifa. Khalifa and Replogle quickly developed a friendship that ultimately led to the deal.
The transaction also included an agreement between Seventh Generation Ventures and another Khalifa business to collaborate on the design of other filtration technologies, including the possible development of a low cost water filtration system for emerging countries with scarce water and financial resources.
Seventh Generation, Inc. produces and distributes household products focusing on sustainability and using ingredients without the use of harmful toxins. For more on Seventh Generation’s mission, visit their website here: http://www.seventhgeneration.com/mission.
