date:Jul 31, 2012
The acquired businesses include the Bertollis and P.F. Changs brands, and the business unit had annual sales of approximately $300 million in 2011.
The transaction is expected to close in the third quarter of 2012.
The agreement also includes a license for the use of the Bertolli brand name on the frozen meals and the transfer of Unilevers license with P.F. Changs for the use of the P.F. Changs Home Menu brand.
Bertolli and P.F. Changs multi-serve frozen meals are excellent additions to our p