Unilever [NYSE: UN, UL] announced yesterday that the sale of the Bestfoods Baking Company to George Weston Limited [TSE: WN] for U.S. $1.765 billion in cash has been completed.
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In February 2001 Unilever signed a definitive agreement to sell the Bestfoods Baking Company to George Weston Limited. Unilever is divesting the business, which it acquired as part of its merger with Bestfoods, as it falls outside its Path to Growth strategy that focuses on a number of leading brands in defined core categories of Foods and Home and Personal Care.
UNILEVER BACKGROUND: Unilever is one of the world’s largest consumer products companies with annual sales of approximately $44 billion in 2000. It produces and markets a wide range of foods and home and personal care products. Unilever operates in 88 countries around the globe and employs approximately 300,000 people. In the United States, Unilever sales were approximately $11 billion in 2000. It employs some 28,000 people and has 80 offices and manufacturing sites in 26 states.
The business comprises: Unilever Bestfoods – North America: Lipton teas, recipe products and side dishes; Wish-Bone salad dressings; Lawry’s seasonings; Country Crock and “I Can’t Believe It’s Not Butter!” spreads; Ragu pasta sauces; Knorr soups, sauces and bouillons; Hellmann’s mayonnaise; Skippy peanut butter; Bertolli olive oil; Good-Humor, Breyers and Ben & Jerry’s ice cream; and Slim-Fast nutritional and health snack products. Unilever Home and Personal Care – North America: Wisk, “all” and Surf laundry detergents; Snuggle fabric softener; Sunlight dish detergents; Lever 2000, Caress, Dove, Degree, Pond’s and Vaseline skin care, deodorant and soap products; Q-tips cotton swabs; Mentadent oral care products; Finesse, Salon Selectives, Suave and ThermaSilk hair care products; and Calvin Klein, Nautica and Lagerfeld cosmetic and fragrance products. In addition, DiverseyLever, a global professional cleaning business, operates in North America, supplying professional cleaning materials and services to institutional and industrial markets.
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By GlobalDataTo view related research reports, please follow the links below:- The World Market for Bakery Products |
