Unilever unloads seasoning brands to McCormick
November 14, 2007
by Michael Bush
Unilever has agreed to sell its Lawry's and Adolph's seasoning brands in the U.S. and Canada to McCormick for $605 million in cash, Bloomberg.com...
Unilever has agreed to sell its Lawry's and Adolph's seasoning brands in the U.S. and Canada to McCormick for $605 million in cash, Bloomberg.com reports. The world's second-largest consumer-products company is selling the brands as part of its plan to divest its assets with sales of nearly $2.9 billion. Unilever did say that it would be keeping its seasonings factory in Independence, MI due to the fact that it makes various other products there.
Lawry's and Adolph's generated $150 million is sales last year.
We recently covered McCormick's decision to name Weber Shandwick AOR for its US consumer products division through 2008.
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