Food Industry
Industry: Email Alert RSS FeedACH buys Unilever's Mazola. (Industry Watch).(ACH Food Companies Inc.)(Brief Article)
Stagnito's New Products Magazine, May, 2002
ACH Food Companies Inc, Memphis, Tenn., a subsidiary of Associated 4 British Foods plc, announced that it has signed a definitive agreement to purchase Unilever's Mazola branded cooking oil and corn products business in the United States, Canada and Puerto Rico for $360 million. The transaction is expected to be completed in the third quarter 2002, subject to regulatory approval.
As a result of the transaction ACH will acquire consumer brands including Mazola cooking oil, Argo and Kingsford's corn starch, Karo and Golden Griddle syrups, Henri's salad dressings and a number of related Canadian brands. In addition, ACH is acquiring a manufacturing facility in Illinois and equipment in New Jersey and Puerto Rico.
Canadian brands to be acquired include...
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