Unilever Cooks Up Deal to Sell Ragu Business for $2.15 Billion

Now watching

Next video starts in : 7 Play

Unilever Cooks Up Deal to Sell Ragu Business for $2.15 Billion

Unilever Cooks Up Deal to Sell Ragu Business for $2.15 Billion
Replay video
Up next

Community Episode 13: Emotional Consequences of Broadcast Television

Unlock your personal NFL Now stream by signing in to NFL.com

Unilever Cooks Up Deal to Sell Ragu Business for $2.15 Billion

by TheStreet.com Videos 0:57 mins

Unilever Cooks Up Deal to Sell Ragu Business for $2.15 Billion

by TheStreet.com Videos 0:57 mins

Unilever has cooked up a deal to sell ownership of its Ragu and Bertolli pasta sauce businesses to Japanese condiments maker Mizkan Group for $2.15 billion. Mizkan will obtain two factories in Kentucky and a tomato processing plant in California. The acquisition expands Mizkan's product portfolio, which includes rice vinegar as a large focus. Unilever called the sale one of the final steps in restructuring its business in North America as it focuses more on beauty and health products. According to Unilever, the Ragu and Bertolli business leads the pasta sauce category in the U.S. with combined annual sales of $600 million. Unilever said the deal will close in June.

Must Watch

Must Watch

  1. 27:18

    Community Episode 13: Emotional Consequences of Broadcast Television

  2. 3:16

    20 Awkward Questions With: Jason Statham & Melissa McCarthy

  3. 2:40

    'Joe Dirt 2' Trailer

  4. 1:15

    'The Good Dinosaur' Trailer

  5. 4:05

    The Wysh List - Reasons the Blackhawks will win the Cup

  6. 1:07

    Cover Shoots - Caitlyn Jenner Is Finally “Free” on Vanity Fair’s Cover

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 30:58

    Community Episode 4: Queer Studies and Advanced Waxing

  5. 28:45

    Community Episode 5: Laws of Robotics and Party Rights

  6. 28:13

    Community Episode 6: Basic Email Security

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless