Unilever sells royal pasta brand in the Philippines

unilever logoUnilever announced that it has agreed to sell its Royal pasta brand in the Philippines to RFM Corporation, one of the biggest diversified food and beverage companies in the Philippines for US$47.8 million. Rohit Jawa, Chairman and CEO of Unilever Philippines, said “Royal pasta is a high quality brand which I am confident will do well under RFM’s experienced management. We continually review our portfolio of brands and Unilever’s decision to divest the Royal brand is in line with our global strategy to focus on our core businesses.” The transaction does not include any of Unilever’s facilities or employees in the Philippines (Unilever).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s