Unilever to offload Unox and Zwan brands to Zwanenberg Food Group [Yahoo! Finance]
Unilever PLC (UL)
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Source: Yahoo! Finance
The financial details of the planned deal have not been disclosed. The two brands have been part of the Marmite and Ben & Jerry's ice cream owner's line up for nearly a century. Unox, a Dutch brand known for prepared soups and noodles, was introduced in 1937, while Zwan, a Belgian-based canned meat brand, dates back to 1928. The proposed acquisition is part of Zwanenberg's strategy to “focus” on producing and distributing soups, meat products, plant-based alternatives, sauces, and ready meals, it said. Zwanenberg, which employs 1,800 people, reported sales of €600m ($624.8m) in 2023. The Dutch company exports canned meat to more than 100 countries. Unilever noted that the divestiture is part of its plans to “sharpen its foods portfolio for long-term growth and scalability”. To execute this approach, the company intends to focus on “fewer and bigger brands”, in categories including cooking aids, mini meals and condiments. The Unox and Zwan product lines are said to neces
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