Unilever Sells Slim-Fast to Kainos Capital
July 10 2014 - 12:47PM
Business Wire
Unilever today announced that it has sold its Slim-Fast brand to
Kainos Capital. Unilever will retain a minority stake in the
business. The transaction includes the Slim-Fast trademark and the
global Slim-Fast business portfolio. Slim-Fast is sold throughout
North America and in the United Kingdom and Ireland. Terms of the
transaction, which was also completed today, were not
disclosed.
Kees Kruythoff, president of Unilever North America, said: “The
Slim-Fast sale is the last step in the portfolio reshaping that we
had planned for North America. This transaction, along with
previously announced divestitures, will give us the focus to drive
growth behind our core portfolio.”
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’,
‘looks’, ‘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 cause actual
results to differ materially are: Unilever’s global brands not
meeting consumer preferences; Unilever’s ability to innovate and
remain competitive; Unilever’s investment choices in its portfolio
management; inability to find 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; the production of safe
and high quality products; secure and reliable IT infrastructure;
successful execution of acquisitions, divestitures and business
transformation projects; economic and political risks and natural
disasters; financial risks; failure to meet high and ethical
standards; and 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 in the Group’s Annual Report on Form 20-F for
the year ended 31 December 2013 and the Annual Report and Accounts
2013. 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. We
work with 173,000 colleagues around the world and generated annual
sales of €49.8 billion in 2013. Over half of our company’s
footprint is in the faster growing developing and emerging markets
(57% in 2013). 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, 14 of which -
Knorr, Persil / Omo, Dove, Sunsilk, Hellmann’s, Surf, Lipton,
Rexona / Sure, Wall’s ice cream, Lux, Flora / Becel, Rama / Blue
Band, Magnum and Axe / Lynx - now generate a turnover of €1 billion
or more.
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, we have defined seven pillars, underpinned by targets
encompassing social, environmental and economic areas. 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. Unilever has been named sector leader of the CDP’s
Forests programme for three consecutive years, and in 2013 led the
list of Global Corporate Sustainability Leaders in the
GlobeScan/SustainAbility annual survey - for the third year
running. Unilever was named LinkedIn’s third most sought-after
employer worldwide in 2013.
For more information about Unilever and its brands, please visit
www.unilever.com.
About Kainos Capital
Kainos Capital is a middle market private equity firm with an
exclusive focus on the food and consumer sector. The Kainos team
has extensive investment and operating experience in the industry,
having invested more than $2 billion of equity in more than 40
transactions with a total transaction value in excess of $7
billion. The firm’s strategy is to build a diversified portfolio of
growing and strategically relevant food and consumer businesses
that trade buyers would like to acquire. For more information,
visit Kainos Capital’s website at www.kainoscapital.com.
Unilever Media:Unilever PLC (London):Lucila Zambrano, +44
207 822 6719Press-Office.London@unilever.comorUnilever NV
(Rotterdam):Marc Potma, +31 (0) 10
2174844mediarelations.rotterdam@unilever.comorUnilever North
America (Englewood Cliffs, NJ):Jaime Stein, +1
201-894-7760MediaRelations.USA@unilever.com
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