PAKISTAN > UK based Unilever Plc. is set to invest Rs 11 billion ($120 million) in Pakistan’s fast- moving consumer goods segment

unilever-svg Unilever Plc. is set to invest Rs 11 billion($120 million) for expansion of its operations in Pakistan over the next two years. According to the statement quoted by the company: “A majority of the investment will be made to enhance manufacturing operations across Unilever’s four factories in Pakistan over the next two years.” Unilever manufactures about 30 brands in home More …

ROMANIA > UK based Unilever is set to acquire the business of Romanian ice-cream producer Betty Ice SRL for an undisclosed price

unilever-svg Romanian Betty Ice is to be acquired by UK based Unilever for an undisclosed price. Founded in 1994 by Romanian entrepreneur Vasile Armenean, Betty Ice is the main local ice cream producer in Romania with a total turnover of €30 million ($37.5 million). Operating from its factory in Suceava, Betty Ice sets up more than 180 ice cream kiosks in More …

SOUTH KOREA > UK based Unilever has agreed to acquire Carver Korea for €2.27 billion ($2.67 billion) from Bain Capital Private Equity and Goldman Sachs

unilever logo Unilever has agreed for a €2.27 billion ($2.67 billion) acquisition of Carver Korea from Bain Capital Private Equity and Goldman Sachs. Carver Korea, originally an aesthetics company that supplies professional products to beauty salons, has had exponential growth in the last five years and high success rate through the sale of its brand, AHC. Carver’s recent sales revenue was €321m More …

UAE > Unilever opens $272.26Mn manufacturing facility in the UAE

unilever-svg British-Dutch multinational consumer goods company, Unilever opens AED 1bn ($272.26Mn) manufacturing facility at Dubai Industrial Park in UAE. The facility is supposed to create 400 jobs in coming months. The company said it will mark products manufactured at the factory with a ‘Made in UAE’ label and will export 80 percent of them to Europe and MENA (Middle East and North Africa) region. More …