Unilever completes sale of Ragu and Bertolli pasta sauce brands
London & Rotterdam – Unilever today announced that it has completed the sale of its North America pasta sauces business under the Ragu and Bertolli brands to Mizkan Group.
On May 22nd, the two companies announced the agreement for a total cash consideration of approximately $2.15 billion, including two production facilities.
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The Mizkan Group is a 210-year old privately held international food manufacturer, based in Handa City, Japan. The Mizkan Group has a stable of well-known international brands, under the "Mizkan" umbrella brand and is a leader in the liquid condiment category. In June 2014 the group significantly expanded its brand portfolio in the U.S. through the acquisition of the Ragú and Bertolli pasta sauce brand portfolio, now known as R&B Foods, Inc. The Mizkan Group has operating facilities around the globe, including Japan, the United States, the United Kingdom, Singapore, Taiwan, Hong Kong, and China.
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