UK: Princes acquires Unilever cooking oil brands
UK food and drinks firm Princes has said it has acquired the cooking oil brands Crisp 'n Dry and Mazola, together with the cooking fat brands Spry Crisp 'n Dry and Cookeen, from Unilever UK Foods for an undisclosed sum.
The acquisition of Unilever's seed oils and cooking fats business also gives Princes, which is already an importer and producer of olive oil, licences for sunflower oil brand Flora and blended vegetable/olive oil brand Olivio.
"This acquisition brings six leading brands into the Princes portfolio and establishes the company in the UK seed oil and cooking fats sector," said Tim Jolly, chief executive of Princes Manufacturing.
Liverpool-based Princes had a turnover of approximately £700m (US$1.3bn) in 2004. Its main products include canned fish, canned meat, sandwich solutions and soft drinks.
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