Unilever Completes Sale of North American Seafood Business
NEW YORK - Unilever announced that the sale of its North American seafood business to Nippon Suisan (USA) Inc., a subsidiary of Nippon Suisan Kaisha Limited for $175 million in cash has been completed.
In August 2001, Unilever signed a definitive agreement to sell the business, which comprises the Gorton's business in the United States and the BlueWater Seafoods business in Canada to Nippon Suisan.
Unilever's decision to sell Gorton's and BlueWater is part of its Path to Growth strategy that focuses on a number of leading brands in defined core categories of Foods and Home and Personal Care.
In August 2001, Unilever signed a definitive agreement to sell the business, which comprises the Gorton's business in the United States and the BlueWater Seafoods business in Canada to Nippon Suisan.
Unilever's decision to sell Gorton's and BlueWater is part of its Path to Growth strategy that focuses on a number of leading brands in defined core categories of Foods and Home and Personal Care.