MONEY & RATES BANKING & FINANCE INFORMATIONTECHNOLOGY ADVERTISING & MARKETING INTERNATIONAL BUSINESS
In Brief
Fortune World
ECONOMY & POLITICS
RNI NO:KARENG/2010/353381 VOL : 3 ISSUE.
NO.
885 DAILY BANGALORE,INDIA 4THJAN2013 Pages - 4 $ 1/-USD...
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MONEY & RATES BANKING & FINANCE INFORMATIONTECHNOLOGY ADVERTISING & MARKETING INTERNATIONAL BUSINESS
In Brief
Fortune World
ECONOMY & POLITICS
RNI NO:KARENG/2010/353381 VOL : 3 ISSUE.
NO.
885 DAILY BANGALORE,INDIA 4THJAN2013 Pages - 4 $ 1/-USD
03/01/2013,ENGLEWOOD CLIFFS, N.
J.
– Jan.
3, 2013 –
Unilever today announced that it has signed a definitive
agreement for the sale of its global Skippy business to
Hormel Foods for a total cash consideration of approximately $700 million.
The transaction includes Unilever’s Skippy manufacturing
facilities in Little Rock, Ark, and Weifang, China (located
in the Shandong province).
Kees Kruythoff, president of Unilever NorthAmerica, said:
“Skippy is an iconic brand with presence all around the
world.
As we continue to sharpen our portfolio to deliver
sustainable growth for Unilever, we believe that the potential of the Skippy brand can now be more fully realized
with Hormel Foods.
”
Skippy s annual turnover is approximately $370 million.
The
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