Reginaldo Ecclissato, President of 1 Unilever Markets at Unilever, commented: “These brands have a long-standing heritage and play a meaningful role in the daily lives of consumers across Colombia and Ecuador. While this was a thoughtful decision, it aligns with our ambition to sharpen our portfolio and focus on the categories where we can lead, innovate and grow sustainably. Alicorp is a respected regional player with strong capabilities in Home Care, and we are confident that under their stewardship these brands and operations will continue to thrive.”
The transactions are subject to regulatory approvals and customary closing conditions.
Financial terms of the agreements are undisclosed.