Printer Friendly

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

MANews-(C)2009-2014

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

COPYRIGHT 2014 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Geographic Code:4EUGE
Date:Feb 21, 2014
Words:136
Previous Article:K1 to sell Long Haul stake for USD152m.
Next Article:Frontier gets HSR green light for purchase of AT&T Connecticut assets.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters