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Stock Market & Financial Investment News

News Breaks
May 22, 2014
05:38 EDTULUnilever agrees to sell Ragu, Bertolli brands to Mizkan Group for $2.15B
Unilever announced that it has signed an agreement for the sale of its North America pasta sauces business under the Ragu and Bertolli brands to Mizkan Group for a total cash consideration of approximately $2.15B. The annual turnover for Ragu and Bertolli is more than $600M. The transaction includes two production facilities a sauce processing and packaging facility in Owensboro, Kentucky, and a tomato processing facility in Stockton, California. The transaction is expected to close by the end of June.
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