Unilever completes the sale of Bertolli olive oil business to Grupo SOS
Unilever today completed the previously announced sale of its Bertolli olive oil business to Grupo SOS for a consideration of €630 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.
Unilever’s mission is to add vitality to life. We meet everyday needs for nutrition, hygiene and personal care with brands that help people feel good, look good and get more out of life.
Unilever is one of the world’s leading suppliers of fast moving consumer goods with strong local roots in more than 100 countries across the globe. Its portfolio includes some of the world’s best known and most loved brands including twelve €1 billion brands and global leadership in many categories in which the company operates. The portfolio features brand icons such as Flora, Knorr, Lipton, Dove, Lux, Pond’s, Lynx, Sunsilk, Persil, Cif and Domestos.
Unilever has around 174 000 employees in approaching 100 countries and generated annual sales of €40 billion in 2007. For more information about Unilever and its brands, visit www.unilever.com.
About Grupo SOS
Grupo SOS is a leading Spanish quoted food company, with the finest range of brands and the sales leader in the segments it operates in edible oils: with Carbonell, the strongest selling olive oil brand in the world, and Koipe; biscuits with Cuétara; rice, with SOS; table olives, with Carbonell again, vinegars, with Procer and Louit, condiments with Louit and confectionary, with Café Dry and Pictolin.
It is also very present on the world market, with leading brands such as Carapelli and Sasso in olive oil, or Abu Bint, Lassie, Saludaes, Adolphus, Comet and Blue Ribbon in rice.
In short SOS is an international brand food company, offering products of the highest quality.
For more information about Grupo SOS and its brands, visit www.gruposos.com.
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