Unilever agrees to sell Shedd’s Country Crock® chilled side-dish business

Unilever announced that it has signed a definitive agreement with Hormel Foods Corporation to sell its US Shedd’s Country Crock® branded chilled side-dish business.

Englewood Cliffs, NJ – January 18, 2010– Unilever today announced that it has signed a definitive agreement with Hormel Foods Corporation to sell its Shedd’s Country Crock®branded chilled side-dish business in the US. The transaction is expected to close by February 2010. Financial terms are not being disclosed and ownership of the Shedd’s Country Crock trademark and its flagship spreads product range remain with Unilever.

The Shedd’s Country Crock chilled side-dish business generated approximately $50 million (EUR 35 million) in revenue for Unilever in 2009.

“This transaction is consistent with our efforts to reshape our portfolio in North America by sharpening our focus on building strong categories with global reach,” said Michael B. Polk, President, Unilever Americas.

Under the terms of the transaction, Hormel will market and sell Shedd’s Country Crock chilled side-dish products, such as home style mashed potatoes, under a license agreement. No Unilever employees will be transferred with the business.

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For further information, please contact:

Anita Larsen or Dean Mastrojohn, Unilever US Media Relations, 201-894-7760,


Unilever London office: Trevor Gorin + 44 207 822 6010

Unilever Rotterdam office: Flip Dotsch +31 10 2173715

Safe Harbor Statement:

This announcement may contain forward-looking statements, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as 'expects', 'anticipates', 'intends', 'believes' or the negative of these terms and other similar expressions of future performance or results, including any financial objectives, and their negatives are intended to identify such forward-looking statements. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Group. They are not historical facts, nor are they guarantees of future performance. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including, among others, competitive pricing and activities, consumption levels, costs, the ability to maintain and manage key customer relationships and supply chain sources, currency values, interest rates, the ability to integrate acquisitions and complete planned divestitures, the ability to complete planned restructuring activities, physical risks, environmental risks, the ability to manage regulatory, tax and legal matters and resolve pending matters within current estimates, legislative, fiscal and regulatory developments, political, economic and social conditions in the geographic markets where the Group operates and new or changed priorities of the Boards. Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including the Annual Report & Accounts on Form 20-F. These forward-looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Unilever United States, Inc.

Unilever US, Inc
800 Sylvan Avenue
Englewood Cliffs
NJ 07632

+1 201 894 7760


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