Unilever Buys Brazil's Mae Terra Organic Food Business for Undisclosed Sum
October 02 2017 - 10:53AM
Dow Jones News
By Ian Walker
Anglo-Dutch food and personal-care products company Unilever PLC
(ULVR.LN) on Monday announced its third acquisition in less than a
month with the purchase of Brazilian natural and organic food
business Mae Terra for an undisclosed sum.
Mae Terra is a fast-growing brand in Brazil, providing
health-conscious consumers with organic and nutritious food
products since it was set up in 1979. It operates in several
categories with a portfolio that includes organic cereals, cookies,
snacks and culinary products.
Unilever, the owner of Hellmann's mayonnaise and Dove body
products, last week agreed to buy Carver Korea, a Seoul-based maker
of toners and moisturizers, for $2.7 billion. On Sept. 9 it bought
Pukka Herbs for an undisclosed sum.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
October 02, 2017 10:38 ET (14:38 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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