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Unilever divests Slim-Fast brand

Unilever has sold a majority stake in its Slim-Fast brand to private equity firm Kainos Capital. “This transaction, along with previously announced divestitures, will give us the focus to drive growth behind our core portfolio,” Unilever’s Kees...

Unilever to Sell Ragu, Bertolli for $2.15B

Unilever has signed an agreement for the sale of its North America pasta sauces business under the Ragu and Bertolli brands to Mizkan Group for a total cash consideration of approximately $2.15 billion. The annual turnover for Ragu and Bertolli is more than $600...

Goya Foods Announces Global Expansion

Goya Foods opens four new state of the art manufacturing, production and distribution facilities in Texas, Georgia, California and New Jersey as part of a $250 million investment for a global expansion to support consumer demands of Goya’s healthy product...