(MENAFN) Dutch giant Unilever has recently sold its North American Ragu and Bertolli pasta sauce businesses to a Japanese group for USD2.15 billion as it focuses on higher margin beauty products, according to Oman Observer.
Unilever said that Japan"s Mizkan Group bought the businesses, which have an annual turnover of over USD600 million, and include two production facilities in Kentucky and California.
Unilever North America boss Kees Kruythoff said: "This sale represents one of the final steps in reshaping our portfolio in North America to deliver sustainable growth for Unilever."
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