Unilever NV Sells Wish-Bone And Western Brands To Pinnacle Foods Inc.-DJ
Dow Jones reported that Unilever NV is to sell Wish-Bone and Western Brands to Pinnacle Foods Inc. for a total amount of approximately USD 580 million. The Company's facilities in Independence in Missouri where the products are manufactured does not fall under the transaction. The factories are to manufacture for Pinnacle Foods Inc. according to a third-party agreement. The acquisition is expected to be completed in late third quarter or early fourth quarter of 2013.
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