Unilever sells remaining Bertolli assets to Dutch food maker Enrico-Glasbest

NETHERLANDS – British multinational consumer goods company, Unilever has offloaded its remaining assets in the Bertolli brand to Netherlands-based Enrico-Glasbest for an undisclosed sum. Enrico-Glasbest will acquire Bertolli’s European pasta sauces, pesto and mayonnaise activities, as well as other trademark rights under the Bertolli licence. According to a release from Enrico-Glasbest, no staff transfer will take place following the transaction. The Dutch food maker further noted that no production locations will be taken over and the production of Bertolli products will continue to take place where they are currently produced.…

Read More

Unilever takes part in expansion of US$20m greenfield tea project in Rwanda

RWANDA – The Government of Rwanda has partnered with Unilever Tea Rwanda and The Wood Foundation Africa (TWFA) to commence the second phase of the Nyaruguru tea project in the Southern province of the country, injecting US$20 million in the developmental initiative. This comes after the successful completion of the first phase of the project which broke ground in 2017 and consisted of a 3,400-hectare smallholder catchment, supported by a dedicated farmer services company which operates an 800-hectare commercial plantation feeding the processing factory operated by Unilever Tea Rwanda. According…

Read More

Unilever unifies corporate structure under a new UK holding company.

UK – Leading consumer goods company with British and Dutch origins Unilever has completed the unification of its group legal structure, and will now operate under a single parent company, Unilever PLC. This will be the first time the company will be operating under a single entity since its formation in 1930. Throughout the years, it has operated as two separated listed companies, a Dutch NV (nameless venture) and a UK PLC (Public Limited Company). Over the last two decades, the dual parent holding company structure has been reviewed periodically…

Read More

Unilever appoints Jaime Aguilera as Non-Executive Director

NIGERIA – Unilever Nigeria Plc, a consumer good manufacturing company has announced the appointment of Mr. Jaime Aguilera as a Non-Executive Director with effect from January 1, 2021. Mr. Jaime who was appointed Unilever Executive Vice President Africa, leading the Unilever business in the region earlier this year, joins the board with extensive experience in Sales & Marketing. He started working with the multinational company in 2009 as Executive Vice President & Chairman Unilever Spain and was later appointed Executive Vice President Unilever East Europe in 2016. “The Board warmly…

Read More

Unilever to expand consumer health portfolio with acquisition of US supplements company SmartyPants Vitamins

US – Consumer goods giant Unilever has signed an agreement to acquire US company SmartyPants Vitamins in an effort to expand its portfolio of consumer health and wellness products. Founded in 2011 by Courtney Nichols Gould and Gordon Gould, SmartyPants offers a comprehensive range of supplements that aim to support the wellbeing needs of children and adults. SmartyPants Vitamins reports that it had reached over 14 million mothers and children worldwide with nutrient grants through a partnership with Vitamin Angels, a US based non-profit organization. The US Vitamin, Mineral &…

Read More

Unilever reports 4.4% rise in sales for its third quarter citing to more demand of food consumed at home

UK – Unilever has reported a better-than-expected return to growth in its third quarter with underlying sales rising by 4.4%, an accelerated growth compared to its second quarter drop of 0.3%. The sales were mainly brought about by an elevated demand for food consumed at home, for its Hellmann’s mayonnaise, Ben & Jerry’s and Magnum ice creams and its hand and home hygiene products. In the three months to the end of September, Unilever reported a 2.4% decline in turnover to €12.9 billion, with underlying sales in its food and…

Read More

Google Cloud partners with Unilever drive sustainable business through cloud computing

UK – Unilever has partnered Google Cloud to advance sustainable business practices together using technology to expand the use of data for eco-friendly decision making. The programme will combine cloud computing with satellite imagery and AI to improve its product sourcing strategy. Together, the companies will first focus on the commercial application of Google Cloud and Google Earth Engine in an effort to achieve sustainable commodity sourcing. Unilever intends to use the technology platform to obtain insights into any impact its sourcing has on the environment and local communities. “This…

Read More

Unilever acquires health-science nutrition and wellness company Liquid IV

USA – Unilever, consumer goods company, has inked an agreement to purchase Liquid IV, a US health-science nutrition and wellness company for an undisclosed amount. Founded in 2012, Liquid IV offers a portfolio of electrolyte drink mixes such as Hydration, Energy and Sleep, which can be found in more than 30,000 stores across the US, including the world’s leading specialty, big box and online retailers such as Costco, Target, Whole Foods Market, Amazon, CVS, Walgreens, Albertsons, and many more. The brand utilises Cellular Transport Technology (CTT) in its products which it says enhances…

Read More

Unilever partners with tech company Orbital Insight to enhance traceability in palm oil sourcing

UK – Unilever, a consumer goods company, has teamed up with US-based tech company, Orbital Insight, to boost palm oil sourcing transparency. The collaboration is piloting technology that uses geolocation data to help identify and map the individual farms and plantations that are most likely to be supplying the palm oil mills in Unilever’s extended supply chain. This approach is touted by the company as bringing a “new level of sophistication to traceability” – one that has the potential to work on a massive scale. “This means we can get a much clearer…

Read More

Unilever ranks No.1 for sustainability leadership, tenth year in a row

NETHERLANDS – Global consumer goods company, Unilever has been recognised as the No. 1 corporate sustainability leader for the tenth year in a row, according to the latest GlobeScan-SustainAbility survey. “We are delighted to be once again ranked as the global leader in corporate sustainability in the annual survey compiled by GlobeScan and SustainAbility,” stated Unilever. This survey canvasses the opinions of experts from business, government, NGOs and academia. Its aim is to track how the sustainability agenda is evolving and find out stakeholders’ views on which companies are leaders…

Read More