date:Jul 02, 2014
Unilever has completed the sale of its pasta sauces business under the Ragu and Bertolli brands to Mizkan Group for a total cash consideration of about $2.15bn.
The sale includes two production facilities including a sauce processing and packaging plant in Owensboro, Kentucky, as well as a tomato processing facility in Stockton, California.
The annual turnover for the company's North America pasta sauce businesses is more than $600m.
On 22 May 2014, Unilever and Mizkan Group signed an announc