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Alberto-Culver was purchased by consumer goods company Unilever on September 27, 2010 for US$3.7 billion. [10] The terms of the acquisition required Unilever to divest selected hair care brands and its entire food business in the USA to other companies to satisfy antitrust concerns (in the late 1990s, Unilever had purchased Alberto-Culver's historic Chicago rival, Helene Curtis).
The Bestfoods acquisition increased Unilever's scale in foods in America, and added brands including Knorr, Marmite, Bovril, and Hellmann's to its portfolio. [30] In exchange for European regulatory approval of the deal, Unilever divested itself of Oxo , Lesieur, McDonnells, Bla Band, Royco, and Batchelors .
Through a series of mergers Jurgens' company became Margarine Unie in 1927 and then Unilever in 1929. [5] Since that time, Unilever has added other margarine and food spread brands. Although the food spreads division of Unilever maintained a robust profit margin, in the 21st century sales declined as many consumers switched to butter. In the ...
On 30 March 2004, Unilever Pakistan accepted an offer of Rs. 1.33 billion for the sale of its Dalda brand and related business of edible oils and fats to the newly incorporated company Dalda Foods (Pvt.) Limited. [17] On 16 January 2014, Unilever Philippines sold the Royal pasta brand to Philippine company RFM Corporation for around Php 2.1 ...
In December 2017, after months of negotiation by Schmidt and Cammarata, Unilever, acquired Schmidt's Naturals for an undisclosed sum. [25] [26] [27] After the acquisition, Cammarata became chief executive officer of Schmidt's Naturals [14] and Schmidt continued on as brand spokesperson.
Following this acquisition, Unilever consolidated the operations of TAMI Bestfoods and Lever in Israel, renaming the entity "Unilever Israel". [5] [6] In 1996, Unilever entered into a partnership with Strauss Group in the ice cream business. In 2010, Unilever made two significant acquisitions: it gained full ownership of "Bagel Bagel" and ...
Unilever Nigeria Plc is a publicly listed company with trading and manufacturing interest in the consumer goods market. In 2014, it was listed among the top 20 most valuable companies quoted on the Nigerian Stock Exchange . [ 2 ]
In 1999, Amora Maille was acquired by the multinational consumer goods company Unilever. [2] [3] [5] Unilever paid $739.3 million for the company, equivalent to 460 million pounds or 716.5 million euros. [2] The company was sold by a division of the French banking group Paribas SA, the Paribas Affaires Industrielles LBO Fund, and several other ...