M&A Deal Summary

ACH Food Acquires Unilever Bestfoods North America

On April 23, 2002, ACH Food acquired consumer products company Unilever Bestfoods North America from Unilever for 406M EUR

Acquisition Highlights
  • This is ACH Food’s 1st transaction in the Consumer Products sector.
  • This is ACH Food’s 0th largest (disclosed) transaction.
  • This is ACH Food’s 1st transaction in the United States.
  • This is ACH Food’s 1st transaction in New York.

M&A Deal Summary

Date 2002-04-23
Target Unilever Bestfoods North America
Sector Consumer Products
Buyer(s) ACH Food
Sellers(s) Unilever
Deal Type Divestiture
Deal Value 406M EUR

Target

Unilever Bestfoods North America

New York, New York, United States
Unilever Bestfoods North America manufactures and distributes personal and home care products in the United States. The major brands include Mazola cooking oil products, Argo and Kingsford's corn starches, Karo and Golden Griddle syrups and Henri's salad dressing sold in the United States, Puerto Rico and Canada. Additional Canadian brands include Benson’s and Canada corn starches, St. Lawrence/ St. Laurent corn oil, Crown and Bee Hive corn syrups, Old Colony maple syrup and Old Tyme pancake syrup.

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Buyer(S) 1

Buyer

ACH Food

Cordova, Tennessee, United States

Category Company
Founded 1995
Sector Food
DESCRIPTION

ACH Food Co. Inc. is a supplier of spices and seasonings to retail and food service customers. Company are focused on brands that are #1 or #2 in their categories. In North America, company market, sell and manufacture a premier branded portfolio of cooking oils, spices and seasonings, baking ingredients and foodservice brands in the US, Canada, Puerto Rico and Mexico.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-21 ACH Food - Spices & Seasonings Business

United States

ACH Food - Spices & Seasonings Business is a supplier of spices and seasonings to retail and food service customers.

Sell $365M

Seller(S) 1

SELLER

Unilever

London, United Kingdom

Category Company
Founded 1894
Sector Consumer Products
Employees148,949
Revenue 50.7B EUR (2020)
DESCRIPTION

Unilever is a multinational consumer goods company. Its products include food, beverages, cleaning goods and personal care products. Unilever was founded in 1894 and is based in London, United Kingdom.


DEAL STATS #
Overall 4 of 23
Sector (Consumer Products) 1 of 8
Type (Divestiture) 4 of 23
State (New York) 1 of 1
Country (United States) 1 of 5
Year (2002) 1 of 1
Size (of disclosed) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-20 Unipath

Bedford, United Kingdom

Unipath Ltd. is a manufacturer of women's health diagnostics products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 John West Foods

Mentone VIC, Australia

John West Foods provides in branded canned fish and seafood.

Sell -