Enrico-Glasbest acquired Bertolli branded pasta sauces, pesto and mayonnaise business in Continental Europe from Unilever PLC (LSE:ULVR) on January 4, 2021. The acquisition concerns, amongst other trade mark rights under the Bertolli license, the European Pasta sauces, Pesto and Mayonnaise activities. The acquisition is financed by Victus Participations, management, and Rabobank. On December 16, 2020, Enrico-Glasbest closed the refinancing of its capital structure and raised additional financing for the acquisition of Bertolli. Enrico-Glasbest’s management team consists of Robin Heetkamp (Managing Director), Andrea Groot Wassink (Financial Director), Jet van Koten (Commercial Director), Aleks Fiege (Director Marketing & NPD), Peter Boer (Director Sales & Export) and Frank van Mansum (Director Sourcing & Purchasing). To enable smooth integration, a transition period of 6 months has been agreed, during which Unilever will continue to handle sales and operations for Bertolli. No staff will transfer following the transaction and no production locations will be taken over. The production of Bertolli products will continue to take place at current producers. David Scott, Michelle Blunt, Duncan Reid-Thomas of Baker & Mckenzie LLP, London acted as the legal advisor and Rebecca Kuijpers-Zimmerman of Baker & Mckenzie Amsterdam N.V. acted as the legal advisor for Unilever PLC. Squarefield B.V. acted as the financial advisor for Enrico-Glasbest.
Enrico-Glasbest acquired Bertolli branded pasta sauces, pesto and mayonnaise business in Continental Europe from Unilever PLC (LSE:ULVR) on January 4, 2021. Johnny Matthews and Nathaniel Cahoon of PricewaterhouseCoopers LLP, London acted as accountant for Unilever PLC. Martijn Vogelaar, Joris Timmers and Robert-Jan Drenth of Accuracy Uk Limited acted as finance due diligence provider for Enrico-Glasbest. Jeroen Bleeker, William Bommel and Jos Ramhorst of JB Law and Carla Murray of Myerson Solicitors LLP acted as legal advisor for Enrico-Glasbest. Ronald van de Merwe and Ronald Braxhoofden of JSA Tax Consultancy acted as accountant for Enrico-Glasbest.
Unilever PLC (Unilever) is one of the world's leading suppliers of Beauty & Personal Care, Home Care, and Foods & Refreshment products with sales in over 190 countries and reaching 3.7 billion consumers a day. Over half of the company's footprint is in developing and emerging markets. Unilever has around 400 brands found in homes all over the world, including Dove, Knorr, Dirt Is Good, Rexona, Hellmann's, Vaseline, TRESemmé, Lux, Axe, Sunsilk and Surf. Unilever's Sustainable Living Plan (USLP) underpins the company's strategy. The USLP creates value by driving growth and trust, eliminating costs and reducing risks. Since 2010 the company has been taking action through the Unilever Sustainable Living Plan to help more than a billion people improve their health and well-being, halve its environmental footprint and enhance the livelihoods of millions of people as it grows its business. Unilever has already made significant progress and continues to expand its ambition, committing to ensure 100% of its plastic packaging is fully reusable, recyclable or compostable.
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