M&A Deal Summary

Unilever Acquires SlimFast

On April 1, 2000, Unilever acquired consumer products company SlimFast for 2.3B USD

Acquisition Highlights
  • This is Unilever’s 2nd transaction in the Consumer Products sector.
  • This is Unilever’s 5th largest (disclosed) transaction.
  • This is Unilever’s 1st transaction in the United States.
  • This is Unilever’s 1st transaction in Florida.
Investment Fate
  • SlimFast was divested to a consortium of buyers in 2014.
  • SlimFast was sold to a publicly-traded strategic buyer in 2018 for 350M USD.
  • SlimFast was divested to a consortium of strategic buyers in 2025.

M&A Deal Summary

Date 2000-04-01
Target SlimFast
Sector Consumer Products
Buyer(s) Unilever
Deal Type Add-on Acquisition
Deal Value 2.3B USD

Target

SlimFast

Palm Beach Gardens, Florida, United States
SlimFast offers a variety of shakes, powders, snack bars, and portion‑controlled snacks for weight management. SlimFast was founded in 1977 and is based in Palm Beach Gardens, Florida.

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Buyer(S) 1

Buyer

Unilever

London, United Kingdom

Category Company
Founded 1894
Sector Consumer Products
Employees115,964
Revenue 60.8B EUR (2024)
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 2 of 46
Sector: Consumer Products M&A 2 of 30
Type: Add-on Acquisition M&A Deals 2 of 36
State: Florida M&A 1 of 1
Country: United States M&A 1 of 25
Year: 2000 M&A 2 of 5
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-02 Grupo Cressida

Tegucigalpa, Honduras

Grupo Cressida with operations across Central America, holds strong market positions in the powder detergents, laundry soap, foods and beverages markets. Its leading brands, which are common across the entire region, include Xedex in powder detergents, Xtra in soap bars and Natura's for foods and beverages. All have had a history of continuous growth based on strong branding and innovation.

Buy $314M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-13 Ben & Jerry s Homemade

South Burlington, Vermont, United States

Ben & Jerry's Homemade Inc. is a producer and distributor of ice cream. The Company was formed in 1978 and is based in South Burlington, Vermont.

Buy $326M