Unilever Agrees to Sell Global Skippy Business to Hormel Foods
03 Januar 2013 - 1:38PM
Business Wire
Unilever today announced that it has signed a definitive
agreement for the sale of its global Skippy business to Hormel
Foods for a total cash consideration of approximately $700
million.
The transaction includes Unilever’s Skippy manufacturing
facilities in Little Rock, Ark., and Weifang, China (located in the
Shandong province).
Kees Kruythoff, president of Unilever North America, said:
“Skippy is an iconic brand with presence all around the world. As
we continue to sharpen our portfolio to deliver sustainable growth
for Unilever, we believe that the potential of the Skippy brand can
now be more fully realized with Hormel Foods.”
Skippy’s annual turnover is approximately $370 million. The
transaction, subject to regulatory approval and customary closing
conditions, is expected to close early in 2013.
SAFE HARBOUR:
This announcement may contain forward-looking statements,
including 'forward-looking statements' within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
Words such as 'will', 'aim', 'expects', 'anticipates', 'intends',
'believes', 'vision', or the negative of these terms and other
similar expressions of future performance or results, and their
negatives, are intended to identify such forward-looking
statements. These forward-looking statements are based upon current
expectations and assumptions regarding anticipated developments and
other factors affecting the Group. They are not historical facts,
nor are they guarantees of future performance.
Because these forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual
results to differ materially from those expressed or implied by
these forward-looking statements. Among other risks and
uncertainties, the material or principal factors which could cause
actual results to differ materially are; Unilever's global brands
not meeting consumer preferences; increasing competitive pressures;
Unilever's investment choices in its portfolio management; finding
sustainable solutions to support long-term growth; customer
relationships; the recruitment and retention of talented employees;
disruptions in our supply chain; the cost of raw materials and
commodities; secure and reliable IT infrastructure; successful
execution of acquisitions, divestitures and business transformation
projects; economic and political risks and national disasters; the
sovereign debt crisis in Europe; financial risks; and failure to
meet high product safety and ethical standards; managing
regulatory, tax and legal matters. Further details of potential
risks and uncertainties affecting the Group are described in the
Group's filings with the London Stock Exchange, Euronext Amsterdam
and the US Securities and Exchange Commission, including the
Group's Annual Report on Form 20-F for the year ended 31 December
2011 and the Annual Report and Accounts 2011. These forward-looking
statements speak only as of the date of this announcement. Except
as required by any applicable law or regulation, the Group
expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Group's expectations
with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.
About Unilever:
Unilever is one of the world’s leading suppliers of Food, Home
and Personal Care products with sales in over 190 countries. Our
products are present in 7 out of 10 homes globally and are used by
over 2 billion people on a daily basis. We work with 171,000
colleagues around the world and we are on track to generate annual
sales of over €50 billion in 2012. Over half of our company’s
footprint is in the faster growing developing and emerging markets
(56% in 2011). Working to create a better future every day, we help
people feel good, look good and get more out of life. Our portfolio
includes some of the world’s best known brands such as Knorr,
Persil / Omo, Dove, Sunsilk, Hellmann’s, Lipton, Rexona / Sure,
Wall’s, Lux, Rama, Ponds and Axe.
Our ambition is to double the size of our business, whilst
reducing our overall environmental footprint (including sourcing,
consumer use and disposal) and increasing our positive social
impact. We are committed to helping more than a billion people take
action to improve their health and well-being, sourcing all our
agricultural raw materials sustainably by 2020, and decoupling our
growth from our environmental impact. Supporting our three big
goals are more than 50 time-based targets. See more on the Unilever
Sustainable Living Plan at
www.unilever.com/sustainable-living/.
Unilever has been recognised in the Dow Jones Sustainability
World Indexes for 14 consecutive years. We are included in the
FTSE4Good Index Series and attained a top environmental score of 5,
leading to inclusion in the FTSE4Good Environmental Leaders Europe
40 Index. In 2011 Unilever led the Climate Counts Company Scorecard
and for the second year topped the list of Global Corporate
Sustainability Leaders in the GlobeScan /SustainAbility latest
annual survey (2012). The company is an employer of choice in many
of the countries in which it operates and is seen as a symbol for
innovation and leadership development.
For more information about Unilever and its brands, please visit
www.unilever.com.
About Hormel Foods:
Hormel Foods Corporation, based in Austin, Minn., is a
multinational manufacturer and marketer of consumer-branded food
and meat products, many of which are among the best known and
trusted in the food industry. The company leverages its extensive
expertise, innovation and high competencies in pork and turkey
processing and marketing to bring branded, value-added products to
the global marketplace. The company is a member of the Standard
& Poor's (S&P) 500 Index, S&P Dividend Aristocrats for
2012, Maplecroft Climate Innovation Indexes, Global 1000
Sustainable Performance Leaders and was again named one of "The 100
Best Corporate Citizens” by Corporate Responsibility Magazine for
the fourth year in a row. The company enjoys a strong reputation
among consumers, retail grocers, foodservice and industrial
customers for products highly regarded for quality, taste,
nutrition, convenience and value. For more information, visit
http://www.hormelfoods.com.
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