Unilever Divests Turkish Bakery, Oils Unit

Unilever will sell its Turkish bakery and industrial oils business to Swedish specialty vegetable fats producer AAK, the company announced. The Unipro bakery and oils business also includes several sub-brands available in Turkey. The move was made as part of an effort to “sharpen” its product portfolio, the company said. The divestment will not include Unilever’s factory in Çorlu, where Unipro brands are produced. The factory will continue to manufacture for AAK under a third-party agreement.