Business / Business Strategies / Industry News / Fats, Oils, Omegas

Unilever To Auction Margarine Business

By Dave Fusaro, Editor in Chief

Jun 19, 2017

Unilever plans to auction off its margarine and spreads business this fall, with the deal completed by year-end, its chief financial officer said last week.

Graeme Pitkethly announced the plan at a conference hosted by Deutsche Bank. "If we are unable to achieve sufficient value in an outright sale, we do plan to demerge this business, and that might take a little bit longer," the CFO was quoted by the New York Times.

Reuters cited sources that estimated the business could net Unilever about $7.5 billion.

The possibility of splitting off the large but shrinking business was first announced in April, a few weeks after Kraft Heinz made a short-lived but shocking offer to buy all of Unilever.

Unilever's worldwide margarine/spread brands include Amora, Becel, Blue Band, Country Crock, Flora, Rama and Shedd’s.