Swedish-Danish company AAK to buy Unilever’s Unipro bakery and industrial oils business in Turkey

London/Rotterdam, 26-7-2013 — /EuropaWire/ — Unilever today announced that it has signed an agreement, subject to regulatory approval, to sell its Unipro bakery & industrial oils business to AAK, one of the world’s leading producers of high value-added speciality vegetable fats, for an undisclosed sum. Unipro’s bakery & industrial oils business consists of a number of sub-brands available in Turkey.

The transaction does not include Unilever’s facility in Çorlu at which Unipro brands are currently produced, but the factory will continue to manufacture for AAK under a third-party agreement.

Izzet Karaca, Unilever Turkey executive vice president, said: “In order for Unilever to continue to deliver sustainable growth, we will continually review and sharpen our portfolio. I am confident the Unipro business will continue to do well under AAK’s management.”

The company’s decision to divest its Turkish oils business is in line with its global strategy to exit non-core business.

In 2012, the Unipro business had a turnover of approximately €75 million. The transaction is expected to close in the third quarter of 2013.

Unilever PLC

Unilever House
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London
EC4Y 0DY
+44 (0) 20 7822 5252
Press-Office.London@Unilever.com

Unilever NV
Weena 455
3013AL Rotterdam

www.unilever.nl
+31 (0) 10 217 4000
mediarelations.rotterdam@unilever.com

Turkey

Unilever Turkey
Saray Mah
Kucuksu Cad.
Sokullu Sok. No:8 34768
Ümraniye/İstanbul

+90 216 633 90 64
ebru.senel-erim@unilever.com

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