Enrico-Glasbest to snap up Bertolli, producer of Italian food products
08 Jan 2021 - Enrico-Glasbest will be taking over Bertolli brand of Italian food products from Unilever. Following the acquisition, the group’s turnover will amount to approximately €50 million (US$61.2 million) on an annual basis. The financial terms of the deal have not been disclosed.
The acquisition concerns Bertolli’s European activities in pasta sauces, pesto and mayonnaise. To enable smooth integration, a transition period of six months has been agreed, during which Unilever will continue to handle sales and operations for Bertolli.
This development follows Unilever’s offloading of its olive oil and margarine activities to Deoleo in 2008 and KKR in 2018, respectively.