Unilever plc announced on Wednesday in a press release that its food brands Unox and Zwan, which have been a part of the company's portfolio for close to 100 years, will be acquired by Zwanenberg Food Group.
"Unilever is looking to sharpen its Foods portfolio for long-term growth and scalability, focusing on fewer and bigger brands, in categories such as cooking aids, mini meals and condiments," the business detailed, further explaining that the products made by the two aforementioned brands need "a distinct supply chain, sourcing model and set of technological and R&D capabilities."
The transition is expected to be completed sometime in 2025.
