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Fri, Jul. 11, 2:44 AM
- After suffering a decline in sales and popularity over the past decade, Unilever (UL) has sold its Slim-Fast brand to private-equity firm Kainos Capital. The company acquired Slim-Fast for $2.3B in 2000.
- The financial terms for the sale weren't disclosed, however Unilever will still retain a minority stake in the business.
- The conglomerate is slowly stepping away from its core foods portfolio, and has also sold its Ragu and Bertolli pasta-sauce business for $2.2B last month.
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