21 Jul

Unilever sells Bertolli olive oil to Grupo SOS for 630 million euros

International food manufacturer Unilever Plc. said it has sold its Bertolli olive oil and vinegar business to Grupo SOS for 630 million euros.

Unilever said the transaction includes the sale of its Italian Maya, Dante and San Giorgio olive oil and seed oil businesses, and the factory at Inveruno, Italy.

The company said it will retain the Bertolli brand for all other categories including margarine, pasta sauces and frozen meals.

Unilever said the Bertolli brand remains a priority for the group, with ‘strong growth plans based on capturing the growing appetite for Mediterranean food products’.

In 2007, Bertolli olive oil and vinegar and Maya, Dante and San Giorgio businesses’ combined turnover was around 380 million euros, Unilever said.

[Source] Click here

Leave a Reply