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A Unilever spokesperson said it has “agreed commitments in Europe regarding the protection of employees’ terms and conditions and consultation timelines”.
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The Sweden-listed company said the deal, struck for an enterprise value of €127m ($145.7m), “strengthens” its value-added and ready-to-eat portfolio.
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The Spain-based food group, so far unwilling to comment on reports it had bought the site, this week disclosed the transaction.
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The investment will double output at the Osijek site through the addition of a fully automated production line.
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Despite record high retail prices, Americans continue to buy beef like it’s 2019, writes Victor Martino.
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Outside of Europe, Mondelez’s group volumes improved as the US snacks and confectionery business raised its organic growth outlook for the year.
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According to WARN notices filed by the company, the closures will affect nearly 100 jobs.
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The German family-owned company said the acquisition will open up “additional growth opportunities” in the US market.
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