Unilever sells Bertolli olive oil to Grupo SOS for 630 million euros

Tag : Seed Oil

LONDON (Thomson Financial) - International food manufacturer Unilever Plc. said it has sold its Bertolli olive oil and vinegar business toGrupo SOS for 630 million euros.
Unilever said the transaction includes the sale of its Italian Maya, Danteand San Giorgio olive oil and seed oil businesses, and the factoryat Inveruno, Italy.
The company said it will retain the Bertolli brand for all othercategories including margarine, pasta sauces and frozen meals.
Unilever said the Bertolli brand remains a priority for the group,with 'strong growth plans based on capturing the growing appetitefor Mediterranean food products'.
In 2007, Bertolli olive oil and vinegar and Maya, Dante and SanGiorgio businesses' combined turnover was around 380 million euros,Unilever said.
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