By Ian Walker
LONDON--Anglo-Dutch consumer products giant Unilever PLC
(ULVR.LN) said Friday it is selling its meat snacks business, which
includes the Peperami spicy sticks, to Jack Link's for an
undisclosed sum.
The sale includes the Bifi brand, sold in Germany, Benelux,
Austria and Switzerland, and Peperami, which retails in the U.K.
and Ireland, Unilever said. The deal also includes the
manufacturing unit in Ansbach, Germany, Unilever added.
"As we continue to sharpen our portfolio to deliver sustainable
growth for Unilever, we believe that the potential of these two
brands can now be more fully realized with Jack Link's," Jan
Zijderveld, Unilever Europe President, said.
Shares in London at 0945 GMT were down 1 pence, or 0.04%, at
2437 pence in a higher FTSE 100 Index--up 0.43%.
-Write to Ian Walker at
ian.walker@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires