Unilever to Sell Wish-Bone to Pinnacle Foods

Unilever on Aug. 12 announced it had an agreement to sell its Wish-Bone and Western dressings brands to Pinnacle Foods Inc. for approximately $580 million cash. The transaction does not include Unilever’s facility in Independence, Mo., where Wish-Bone and Western brands are currently produced, but the factory will continue to manufacture for Pinnacle Foods under a third-party agreement.

The seller claims Wish-Bone is the No. 1 Italian dressings brand in the U.S. Annual sales for Wish-Bone and Western are approximately $190 million.

The transaction, subject to regulatory approval and customary closing conditions, is expected to close late in the third quarter or early fourth quarter of this year.

More News:

All news »

What are your comments?

You cannot post comments until you have logged in. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments