Unilever completes sale of Bertolli olive oil business to Grupo SOS
Unilever completes sale of Bertolli olive oil business to Grupo SOS
Unilever completes sale of Bertolli olive oil business to Grupo SOS
Unilever has completed the previously announced sale of its Bertolli olive oil business to Grupo SOS for a consideration of E630 million.
The transaction is structured as a worldwide, perpetual licence of the Bertolli brand for olive oil, premium vinegar and olives. It includes related assets, such as a factory in Inveruno, Italy, as well as the sale of the Dante, Maya and San Giorgio olive oil and seed oil businesses.
Unilever will retain the Bertolli brand for all other categories including margarine, pasta sauces and frozen meals. The Bertolli brand remains a priority for Unilever with strong growth plans for the future in Mediterranean food products, the company said.
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