Vietnamese confectionery company Kinh Do Joint Stock is set to buy an ice cream factory in Vietnam from Anglo-Dutch food and consumer goods giant Unilever, according to Kinh Do’s brand director.
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Kinh Do and Unilever Best Foods made the takeover agreement this week after three months of negotiations, reported Dow Jones International News.
The takeover is due to be completed next week and Kinh Do will begin operating the plant at the beginning of July, the Kinh Do executive said.
Under the terms of the deal, Kinh Do will be able to use Wall’s brand names until the end of next year, he added.
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