UNILEVER TO CLOSE LAWRY'S DEA

RNS Number : 2196A

Unilever PLC

30 July 2008

 



UNILEVER TO CLOSE LAWRY'S DEAL WITH MCCORMICK

Unilever today announced that it expects to complete the previously announced sale of its Lawry's and Adolph's branded seasoning blends and marinades business to McCormick & Company, Inc., on or about the 31st July, 2008. This follows the granting to McCormick's of approval by the Federal Trade Commission to proceed with the purchase. The transaction, which was announced on 14th November, 2007, is for a consideration of $604 million in cash.

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30th July, 2008

For further information, please contact:

Unilever Media Relations

Unilever US:                                Anita Larsen                                [phone] 

Unilever London:                          Trevor Gorin                                 + 44 20 7822 6010  

Unilever Rotterdam:                      Gerbert van Genderen-Stort          + 31 10 217 4844

Unilever Investor Relations

Unilever London:                                                                            [phone]

Unilever Safe Harbour:

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 'expects', 'anticipates', 'intends' or the negative of these terms and other similar expressions of future performance or results, including financial objectives to 2010, 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 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, including, among others, competitive pricing and activities, consumption levels, costs, the ability to maintain and manage key customer relationships and supply chain sources, currency values, interest rates, the ability to integrate acquisitions and complete planned divestitures, the ability to complete planned restructuring activities, physical risks, environmental risks, the ability to manage regulatory, tax and legal matters and resolve pending matters within current estimates, legislative, fiscal and regulatory developments, political, economic and social conditions in the geographic markets where the Group operates and new or changed priorities of the Boards. Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including the Annual Report & Accounts on Form 20-F. 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's mission is to add vitality to life. We meet everyday needs for nutrition, hygiene and personal care with brands that help people feel good, look good and get more out of life.

Unilever is one of the world's leading suppliers of fast moving consumer goods with strong local roots in more than 100 countries across the globe. Its portfolio includes some of the world's best known and most loved brands including twelve €1 billion brands and global leadership in many categories in which the company operates. The portfolio features brand icons such as Knorr, Lipton, Hellmann's, Flora, Breyer's, Dove, Lux, Pond's, Degree, Axe, Suave, Sunsilk, Persil, Cif and Domestos. 

Unilever has around 174,000 employees in approaching 100 countries and generated annual sales of over €40 billion in 2007. For more information about Unilever and its brands, please visit www.unilever.com.

 

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