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How much did Unilever sell SlimFast for?
Unilever acquired Slim-Fast for $2.3 billion in April 2000 amid an acquisition binge during which the conglomerate unveiled its $326 million acquisition of full-fat ice-cream purveyor Ben & Jerry’s on the same day.
Who owns Slim-Fast?
Glanbia, Plc
SlimFast/Parent organizations
Does Unilever own SlimFast?
In 1987, Abraham took the brand private, and it was acquired by Unilever in 2000. In 2014, Unilever sold SlimFast to Kainos Capital.
How much did Unilever pay for Ben and Jerry?
Despite reported reluctance, Ben & Jerry’s board announced on April 11, 2000, that it had approved Unilever’s offer. (Melodramatically, some refer to this day as “4/11.”) The transaction, valued at $326 million, was finalized with overwhelming shareholder support.
When did Unilever sell Slim-Fast?
2000
The multinational bought Slim-Fast in 2000 for $2.3 bn (£1.4 billion) and it is being sold to private equity company Kainos Capital for an undisclosed sum. Unilever will retain a minority stake in the business.
When did Glanbia buy Slim-Fast?
2017
Glanbia agrees to acquire SlimFast for $350 million In 2017 SlimFast delivered $212 million net sales, adjusted EBITDA (before non-recurring costs) of $24 million and, after non-recurring supply chain transition costs, a net loss before tax of $12 million.
Where is Slim-Fast manufactured?
Big-D Construction served as Construction Manager and General Contractor for Slim-Fast Foods’ 450,000-square-foot western manufacturing plant and distribution center. Located in Tucson, Arizona, this was the second Slim-Fast Foods Company plant in the world.
What brands are owned by Unilever?
Unilever owns over 400 brands, amongst the largest selling of which are Aviance, Axe/Lynx, Ben & Jerry’s, Dove, Flora/Becel, Heartbrand, Hellmann’s, Knorr, Lipton, Lux/Radox, Omo/Surf, Rexona/Sure, Sunsilk, Toni & Guy, TRESemmé, VO5 and Wish-Bone.
What was in Wavy Gravy ice cream?
Wavy Gravy is a caramel and nut filled dream. Marrying caramel and cashew Brazil nut ice cream with hazelnut fudge and roasted almonds was a stroke of genius by Ben & Jerry’s. This flavor was a nut lover’s dream.
Why is Ben and Jerry’s expensive?
Ben and Jerry’s use 15% butterfat in their recipe for their ice cream. Butterfat is expensive because it comes from a cow. Its real name is milk fat. The entire process is costly, and since Ben and Jerry’s uses more butterfat than other brands of ice cream, it’s more expensive for them to make ice cream.
What happened to the old Slim-Fast bars?
Hi Kelsey, as of right now, we are no longer offering the meal bars. We realized our core strength is our shakes and smoothies and really wanted to give our customers an extraordinary experience with these products. However, we are always looking at our product portfolio and working to expand our product line.
Is Glanbia an Irish company?
Glanbia plc (/ˈɡlɒnbiə/ GLON-bee-ə) is an Irish global nutrition group with operations in 32 countries. The Group has four segments; Glanbia Nutritionals, Performance Nutrition, Glanbia Ireland and Joint Ventures & Associates.