Unilever completes sale of Shedd’s Country Crock® chilled side-dish business
Unilever today announced that it has completed the sale of its Shedd’s Country Crock® branded chilled side-dish business in the US
Englewood Cliffs, NJ – February 5, 2010 – Unilever today announced that it has completed the sale of its Shedd’s Country Crock® branded chilled side-dish business in the US to Hormel Foods Corporation. Financial terms were not disclosed and ownership of the Shedd’s Country Crock trademark and its flagship spreads product range remain with Unilever.
Under the terms of the transaction, Hormel will market and sell Shedd’s Country Crock chilled side-dish products, such as homestyle mashed potatoes, under a license agreement. No Unilever employees have been transferred with the business.
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