Business / Corporate May 23, 2014

Mizkan buys up Ragu, Bertolli sauce brands

Mizkan Group has agreed to buy Unilever's Ragu and Bertolli pasta sauce brands for $2.15 billion as Japanese companies continue to diversify by acquiring Western assets. The all-cash deal, which values the sauce business at 3.6 times its annual sales, boosts the Japanese condiments maker's ...

Unilever slips into buttery embrace

Business Jan 18, 2014

Unilever slips into buttery embrace

by Matthew Boyle

Paul Polman, CEO of margarine maker Unilever, has criticized butter in the past, saying the dairy fat "kills." With sales of the company's spreads sagging, he is now embracing it. In what Unilever Foods President Antoine de Saint-Affrique calls a "fundamental turnaround" of a $4.8 ...