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Unilever has received a binding offer from Dr.Oetker to acquire the Alsa baking and dessert preparation business

London/Rotterdam - Unilever announced today that it has received a binding offer for the purchase of its Alsa baking and dessert business from Dr. Oetker for an undisclosed amount. The transaction would include the manufacturing unit in Ludres, France.

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Bauke Rouwers, General Manager Unilever France said:“In the context of our global strategy to accelerate long term, sustainable value creation, the baking and desserts category is not part of Unilever’s evolving core portfolio. We are confident that under Dr. Oetker’s ownership and support, Alsa, which has established a strong legacy in the world of desserts since its origins in 1897 in Lorraine, would be able to progress to its full potential”.

Didier Muller, General Manager Dr. Oetker France, has welcomed the announcement and said: “Alsa is a brand whose know-how and product quality perfectly complement our product range. We would be happy to welcome Alsa into Dr. Oetker’s group. Our goal is to pursue the brand’s growth and development both in France and internationally, based on its know-how and innovation capabilities.”

The binding offer is subject to the usual regulatory requirements and consultation processes.

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About Dr.Oetker

Dr. Oetker production and distribution firms are active in some 40 countries. Apart from Germany, the companies operate primarily in Western and Eastern Europe, but also in North and South America, Africa, Asia and Australia.

11,640 staff are employed by Dr. Oetker – about 4,500 of them at six German locations forming part of Dr. August Oetker Nahrungsmittel KG, the German core company. The turnover of the international Dr. Oetker companies totalled Euro 2,414 million in 2016.

Founded in 1891 in Bielefeld by the pharmacist Dr. August Oetker, the family-run business Dr. Oetker ranks among the leading brand manufacturers in the German food industry. In Germany, Dr. Oetker is represented by approximately 1,000 different products and worldwide the company produces more than 4,000 products – still including baking powder and many other baking products, but also baking mixes, decorations, desserts and sweet meals, chilled desserts, preserving products, ready cakes, muesli, frozen pizzas and snacks, refining products, a broad range for bulk consumers and lots more.

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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 Unilever Group (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; 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; the effect of climate change on Unilever's business; financial risks; failure to meet high and ethical standards; and managing regulatory, tax and legal matters. 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. 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 Annual Report on Form 20-F 2016 and the Unilever Annual Report and Accounts 2016.