Unilever completes the acquisition of Ingman Ice Cream

Leading brands such as Ingman, Kingis, Jättis, Totally, SuperViva, Åhus Glass and TofuLine

Helsinki - Unilever today confirmed that, further to its announcement on 11th of October 2011, it has completed the acquisition of Ingman Ice Cream. The acquisition further strengthens Unilever’s competitive position in Ice Cream and is a perfect complement to Unilever’s existing portfolio of strong brands like Magnum, Cornetto and Carte d´Or.

“It is with great pride we bring the two businesses together and it is our strong belief that we together will be able to further develop and build on the skills, expertise and knowledge of Ingman and Unilever, says Peter Ingman, Managing Director Ingman Ice Cream.

“Together we will further strengthen our positions in ice cream as well as serve our consumers and customers with an even more complete offering. Ingman Ice Cream brings a strong portfolio of locally produced iconic brands and a wide range of non-dairy, soy based and lactose free products which will have a perfect fit with Unilever as well as adding a unique local dimension to Unilever, continues Henri de Sauvage, Chairman Unilever Nordic.

Ingman Ice Cream will continue its operations as before and under the leadership of Peter Ingman whilst our respective leadership teams will start to learn more about their respective businesses, ways of working and how to best cooperate in the future.

Ingman Ice Cream employs around 700 employees with production facilities in Sibbo (Finland), Åhus (Sweden), Mazeikiai (Lithuania) and Gomel (Belarus). In 2010, Ingman Ice Cream brands generated annual sales of 70 million Euros.


About Ingman Ice Cream

The Ingman Ice Cream Group is a leading domestic manufacturer of ice cream. The brand portfolio includes some well known brands such as Kingis, Jättis and Ingman. The Ingman Ice Cream Group has production units in Sibbo in Finland, Åhus in Sweden, Mazeikiai in Lithuania and Gomel in Belarus. The Group employs around 700 employees and generated sales of €70 million in 2010. For more information please visit www.ingman.fi(Link opens in a new window)

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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 ‘expects’, ‘anticipates’, ‘intends’, ‘believes’ 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 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, including, among others, competitive pricing and activities, economic slowdown, industry consolidation, access to credit markets, recruitment levels, reputational risks, commodity prices, continued availability of raw materials, prioritisation of projects, consumption levels, costs, the ability to maintain and manage key customer relationships and supply chain sources, consumer demands, currency values, interest rates, the ability to integrate acquisitions and complete planned divestitures, the ability to complete planned restructuring activities, physical risks, environmental risks, the ability to manage regulatory, tax and legal matters and resolve pending matters within current estimates, legislative, fiscal and regulatory developments, political, economic and social conditions in the geographic markets where the Group operates and new or changed priorities of the Boards. 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 the Group’s Annual Report on Form 20-F for the year ended 31 December 2010. These forward-looking statements speak only as of the date of this document. 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.

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