M&A Deal Summary

Unilever Acquires Best Foods

On June 6, 2000, Unilever acquired food company Best Foods for 24.3B USD

Acquisition Highlights
  • This is Unilever’s 2nd transaction in the Food sector.
  • This is Unilever’s largest (disclosed) transaction.
  • This is Unilever’s 3rd transaction in the United States.
  • This is Unilever’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2000-06-06
Target Best Foods
Sector Food
Buyer(s) Unilever
Deal Type Add-on Acquisition
Deal Value 24.3B USD

Target

Best Foods

Englewood Cliffs, New Jersey, United States
website
Best Foods is a provider of mayonnaise. The brand's flagship product, Best Foods Real Mayonnaise, is a top-selling mayonnaise in the United States market.

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Buyer(S) 1

Buyer

Unilever

London, United Kingdom

website

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 45
Sector (Food) 2 of 12
Type (Add-on Acquisition) 4 of 35
State (New Jersey) 2 of 2
Country (United States) 3 of 24
Year (2000) 4 of 5
Size (of disclosed) 1 of 10
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-02 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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