Bertolli Olive Oil Business Sells for $1B
July 21, 2008 at 9:52 am
LONDON (MarketWatch) — Unilever said it’s selling its Bertolli olive oil unit to Grupo SOS for 630 million euros, or about $1 billion. The transaction includes the sale of the Italian Maya, Dante, and San Giorgio olive oil and seed oil businesses, as well as the factory at Inveruno, Italy. Unilever will retain the Bertolli brand for all other categories including margarine, pasta sauces, and frozen meals. The units being sold had 2007 revenue of 380 million euros.
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