UL Environment, a business unit of UL (Underwriters Laboratories), announced earlier this month that it has acquired GoodGuide, a San Francisco-based company that provide information on the health, environmental, and social impacts of consumer products. Terms of the transaction were not disclosed. GoodGuide's was founded in 2008 and its funding included a Series A of $3.73 million and Series B of $5.75 million (more background available here).
GoodGuide currently offers detailed product information for personal care, household chemical, and food products, as well as appliances, apparel, and automobiles at GoodGuide.com and through mobile applications. The company stated that it has environmental, health, and social data on more than 175,000 products and 5,000 companies.
"We are committed to helping the entire product value chain make healthy and green purchasing decisions," said Sara Greenstein, president of UL Environment. "GoodGuide strengthens our ability to deliver on that commitment."
"We look forward to melding our team and technology with UL Environment's world-class sustainability experts and impressive portfolio of services," said George Consagra, chief executive officer of GoodGuide. "This acquisition represents the union of two mission-driven marketplace leaders that are committed to advancing global sustainability, environmental health, and safety."
According to GoodGuide, it will continue offering its free online and mobile applications to consumers after the acquisition.