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Unilever Sells Wish-Bone, Western Brands To Pinnacle Foods

August 12, 2013: 12:00 AM EST
Unilever said it has agreed to sell its Wish-Bone and Western brands of dressings to Pinnacle Foods Inc. Valued at approximately $580 million, the purchase deal does not include Unilever’s manufacturing facility in Independence, Missouri, which produces Wish-Bone and Western products; however, the factory will keep producing for Pinnacle Foods under a third-party agreement. Subject to regulatory approval and the usual closing conditions, the deal for the brands, which have a combined annual turnover of about $190 million, is expected to close in the third quarter or early fourth quarter of 2013.
"Unilever agrees to sell Wish-Bone and Western brands", Unilever, August 12, 2013, © Unilever
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