date:May 26, 2014
Unilever has signed an agreement to divest its North America pasta sauces business under the Ragu and Bertolli brands to Mizkan Group for nearly $2.15bn.
The annual turnover for Ragu and Bertolli brands is more than $600m.
The sale includes two production facilities including a sauce processing and packaging plant in Owensboro, Kentucky, and a tomato processing facility in Stockton, California.
Commenting on the development, Unilever North America president Kees Kruythoff said this sale repre