Paulig snaps up Dutch brand Conimex from Unilever [Yahoo! Finance]
Unilever PLC (UL)
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Source: Yahoo! Finance
The financial terms of the deal have not been disclosed. Conimex is known for its range of Asian meal makers, prawn crackers, soups, sauces, and seasonings. The deal includes the transfer of the Conimex brand and associated business, including trademarks and intellectual property. Following the closure of the deal, Conimex's range of Asian cuisine products will be integrated into Paulig's World Foods portfolio. Paulig expects the acquisition to “scale” its sourcing and supply chain operations while broadening its product offerings. Meanwhile, Unilever is looking to offload assets to sharpen its focus on areas it believes offer better prospects for growth. Last month, Unilever CEO Hein Schumacher said he is seeking to offload £1bn ($1.2bn) worth of brands. Paulig CEO Rolf Ladau said: “We aim to shape a popular food culture, and with the acquisition of Conimex we want to make it easier for even more consumers to enjoy cooking Asian food at home. “This acquisition establ
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