Unilever Buys Buys Russian Sauces Business Baltimor
29 April 2009 - 8:54AM
Dow Jones News
Unilever said Wednesday that it intends to acquire Baltimor
Holding ZAO's sauces business, the ketchup business in Russia.
The acquisition consideration is made on a cash and debt free
basis and is not material to Unilever overall, it said.
The transaction is subject to regulatory approval.
The acquisition includes ketchup, mayonnaise and tomato paste
business under the Baltimor, Pomo d' Oro and Vostochniy Gourmand
brands - accounting for annual turnover of around EUR70 million -
and a production facility at Kolpino, near St. Petersburg.
It excludes Baltimor's branded vegetables, condiment, preserve
and juices business and production facilities at Krasnodar and
Khabarovsk.