Unilever Completes Sale of Ragu and Bertolli Pasta Sauce Brands to Mizkan Group

  Unilever Completes Sale of Ragu and Bertolli Pasta Sauce Brands to Mizkan
  Group

Business Wire

LONDON & ROTTERDAM, Netherlands -- June 30, 2014

Unilever today announced that it has completed the sale of its North America
pasta sauces business under the Ragu and Bertolli brands to Mizkan Group.

On May 22^nd, the two companies announced the agreement for a total cash
consideration of approximately $2.15 billion, including two production
facilities.

CAUTIONARY STATEMENT

This announcement may contain forward-looking statements, including
‘forward-looking statements’ within the meaning of the United States Private
Securities Litigation Reform Act of 1995. Words such as ‘will’, ‘aim’,
‘expects’, ‘anticipates’, ‘intends’, ‘looks’, ‘believes’, ‘vision’, or the
negative of these terms and other similar expressions of future performance or
results, and their negatives, are intended to identify such forward-looking
statements. These forward-looking statements are based upon current
expectations and assumptions regarding anticipated developments and other
factors affecting the Unilever group (the “Group”). They are not historical
facts, nor are they guarantees of future performance.

Because these forward-looking statements involve risks and uncertainties,
there are important factors that could cause actual results to differ
materially from those expressed or implied by these forward-looking
statements. Among other risks and uncertainties, the material or principal
factors which could cause actual results to differ materially are: Unilever’s
global brands not meeting consumer preferences; Unilever’s ability to innovate
and remain competitive; Unilever’s investment choices in its portfolio
management; inability to find sustainable solutions to support long-term
growth; customer relationships; the recruitment and retention of talented
employees; disruptions in our supply chain; the cost of raw materials and
commodities; the production of safe and high quality products; secure and
reliable IT infrastructure; successful execution of acquisitions, divestitures
and business transformation projects; economic and political risks and natural
disasters; financial risks; failure to meet high ethical standards; and
managing regulatory, tax and legal matters. Further details of potential risks
and uncertainties affecting the Group are described in the Group’s filings
with the London Stock Exchange, Euronext in Amsterdam and the US Securities
and Exchange Commission, including the Group’s Annual Report on Form 20-F for
the year ended 31 December 2013 and Annual Report and Accounts 2013. These
forward-looking statements speak only as of the date of this announcement.
Except as required by any applicable law or regulation, the Group expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to reflect any
change in the Group’s expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based.

About Unilever

Unilever is one of the world’s leading suppliers of Food, Home and Personal
Care products with sales in over 190 countries. We work with 173,000
colleagues around the world and generated annual sales of €49.8 billion in
2013. Over half of our company’s footprint is in the faster growing developing
and emerging markets (57% in 2013). Working to create a better future every
day, we help people feel good, look good and get more out of life. Our
portfolio includes some of the world’s best known brands, 14 of which - Knorr,
Persil / Omo, Dove, Sunsilk, Hellmann’s, Surf, Lipton, Rexona / Sure, Wall’s
ice cream, Lux, Flora / Becel, Rama / Blue Band, Magnum and Axe / Lynx - now
generate a turnover of €1 billion or more.

Our ambition is to double the size of our business, whilst reducing our
overall environmental footprint (including sourcing, consumer use and
disposal) and increasing our positive social impact. We are committed to
helping more than a billion people take action to improve their health and
well-being, sourcing all our agricultural raw materials sustainably by 2020,
and decoupling our growth from our environmental impact. Supporting our three
big goals, we have defined seven pillars, underpinned by targets encompassing
social, environmental and economic areas. See more on the Unilever Sustainable
Living Plan at www.unilever.com/sustainable-living/.

Unilever has been recognised in the Dow Jones Sustainability World Indexes for
14 consecutive years. We are included in the FTSE4Good Index Series and
attained a top environmental score of 5, leading to inclusion in the FTSE4Good
Environmental Leaders Europe 40 Index. Unilever has been named sector leader
of the CDP’s Forests programme for three consecutive years, and in 2013 led
the list of Global Corporate Sustainability Leaders in the
GlobeScan/SustainAbility annual survey - for the third year running. Unilever
was named LinkedIn’s third most sought-after employer worldwide in 2013.

For more information about Unilever and its brands, please visit
www.unilever.com.

About Mizkan

The Mizkan Group is a 210-year old privately held international food
manufacturer, based in Handa City, Japan. The Mizkan Group has a stable of
well-known international brands, under the "Mizkan" umbrella brand and is a
leader in the liquid condiment category. In June 2014 the group significantly
expanded its brand portfolio in the U.S. through theacquisition of the Ragú
and Bertolli pasta sauce brand portfolio, now known as R&B Foods, Inc. The
Mizkan Group has operating facilities around the globe, including Japan, the
United States, the United Kingdom, Singapore, Taiwan, Hong Kong, and China.

Contact:

Media:
Unilever PLC (London):
Lucila Zambrano, +44 20 7822 5354
Lucila.zambrano@unilever.com
or
Unilever NV (Rotterdam):
Marc Potma, +31 (0) 10 2174844
mediarelations.rotterdam@unilever.com
or
Unilever North America (Englewood Cliffs, NJ):
Anita Larsen, +1 201-894-7760
MediaRelations.USA@unilever.com
or
Mizkan Group (U.S.):
Joele Frank, Wilkinson Brimmer Katcher
Andrew Brimmer / Matt Sherman / Jed Repko / Alyssa Cass
+1-212-355-4449
or
Mizkan Group (Japan and Asia):
Ashton Consulting
John Sunley/ Colin Young, +81-3-5425 7220
 
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