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Unilever unveils deal to divest meat snacks operations to Jack Link's.


21 February 2014 - Anglo-Dutch consumer goods group Unilever Plc (LON:ULVR; AMS:UNA) on Friday said it had inked a final accord to sell its meat snacks operations to meat snacks maker Jack Link's.

The transaction, whose financial terms were not revealed, includes the Bifi and Peperami brands and the production plant in Ansbach, Germany. The Bifi brand is sold in Germany, Benelux, Austria and Switzerland, while Peperami products are marketed in the UK and Ireland.

The move reflects Unilever's goal to streamline its portfolio with a view to generating sustainable growth, Unilever Europe president Jan Zijderveld noted.

The deal hinges on customary closing conditions.

Country: Switzerland, Austria, Germany, Netherlands, Luxembourg, Ireland, Belgium, UK

Sector: Food/Beverages/Tobacco

Target: The meat snacks business

Buyer: Jack Link's

Vendor: Unilever Plc

Type: Divestment

Status: Agreed

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Publication:M & A Navigator
Geographic Code:4EUGE
Date:Feb 21, 2014
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