Unilever has remained silent over reports it is looking for a buyer for its Wish-Bone salad dressings business in the US.
It is understood the firm has hired Goldman Sachs to find a buyer for the unit, people familiar with the matter told The Wall Street Journal. The business is expected to fetch “hundreds of millions of dollars”, the publication noted.
Go deeper with GlobalData
A spokesperson for Unilever, however, declined to comment on the reports.
Unilever acquired the Wish-Bone brand through its acquisition of Lipton. The range includes around 20 brands of seasonings, dressings and marinades.
The consumer goods group, which has seen its non-food business grow faster than its food operations in recent years, has been offloading food brands. Its last divestment was the Skippy peanut butter in January to Hormel Foods, for a consideration of around US$700m.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
