Unilever completes the sale of Bertolli olive oil business to Grupo SOS
Unilever today completed the previously announced sale of its Bertolli olive oil business to Grupo SOS for a consideration of €630 million.
The transaction is structured as a worldwide, perpetual licence of the Bertolli brand for olive oil, premium vinegar and olives. It includes related assets, such as a factory in Inveruno, Italy, as well as the sale of the Dante, Maya and San Giorgio olive oil and seed oil businesses.
Unilever will retain the Bertolli brand for all other divisions including margarine, pasta sauces and frozen meals. The Bertolli brand remains a priority for Unilever with strong growth plans for the future in Mediterranean food products.
About Grupo SOS
Grupo SOS is a leading Spanish quoted food company, with the finest range of brands and the sales leader in the segments it operates in edible oils: with Carbonell, the strongest selling olive oil brand in the world, and Koipe; biscuits with Cuétara; rice, with SOS; table olives, with Carbonell again, vinegars, with Procer and Louit, condiments with Louit and confectionary, with Café Dry and Pictolin.
It is also very present on the world market, with leading brands such as Carapelli and Sasso in olive oil, or Abu Bint, Lassie, Saludaes, Adolphus, Comet and Blue Ribbon in rice.
In short SOS is an international brand food company, offering products of the highest quality. For more information about Grupo SOS and its brands, visit www.gruposos.com.
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