Unilever acquires all shares of El Salvador soap manufacturer.NEW YORK--(BUSINESS WIRE)--May 14, 1996--Unilever, through its Central American Central America A region of southern North America extending from the southern border of Mexico to the northern border of Colombia. It separates the Caribbean Sea from the Pacific Ocean and is linked to South America by the Isthmus of Panama. joint venture, Unisola, has acquired the outstanding shares in Oliva SA, a soap manufacturer in El Salvador El Salvador (ĕl sälväthōr`), officially Republic of El Salvador, republic (2005 est. pop. 6,705,000), 8,260 sq mi (21,393 sq km), Central America. . Terms of the transaction were not disclosed. Oliva, which has a single factory and warehouse in El Salvador, has sales of US$ 19 million. It employs 400 people and is the market leader with the hard soap any one of a great variety of soaps, of different ingredients and color, which are hard and compact. All solid soaps are of this class. See also: Soap brand, Victoria. It also produces Pueblo, a non-soap detergent bar. The company was formed in the 1970's by the merger of several hard soap manufacturers. Unisola, Unilever's joint venture with the De Sola family, which already owned 30 percent of Oliva, has acquired 47 per cent of the outstanding shares from the Gonzalez Giner family and the balance of 23 per cent held by the Araujo family. The purchase follows Unilever's acquisition of a majority share holding, through Unisola, in the Compaceites group, a manufacturer of detergents and margarine in Panama earlier this year. Oliva is Unilever's fourth acquisition in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. this year. After the Compaceites deal in January, the company acquired Malloa, one of Chile's leading food companies. Last month Unilever entered Paraguay as a business for the first time with the acquisition of the brands and distribution of CAPSA CAPSA Concerned Asian Pacific Students for Action which produces soaps and detergents. Background: With sales of close to $50 billion in 1995, Unilever is one of the world's largest consumer products companies. It produces and markets a wide range of foods and beverages, soaps and detergents, personal care products and specialty chemicals. Unilever operates through some 500 companies in 90 countries around the globe, and employs more than 308,000 people. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Unilever's sales exceeded $9 billion in 1995. It employs 24,000 people and has 100 offices and manufacturing sites in 25 states. Unilever's major U.S. operating companies include Thomas J. Lipton, Good Humor- Breyers Ice Cream, Van den Bergh Foods, Gorton's, Lever Brothers The British manufacturer Lever Brothers was founded in 1885 by William Hesketh Lever and his brother, James. In 1885 they bought a small soap works in Warrington. Using glycerin and vegetable oils such as palm oil, rather than tallow, to manufacture soap, they produced a , Chesebrough-Pond's, Helene Curtis, Elizabeth Arden, Calvin Klein Cosmetics and National Starch and Chemical. CONTACT: Released on behalf of Unilever by John T. Gould, Jr. (212) 906-4694 |
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