A number of major manufacturers, including Mars, Unilever and Reckitt Benckiser has joined a new British digital platform that will enable them to sell directly to the consumer.
» Read more
American McCormick & Co has acquired Reckitt Benckiser’s food division for 4.2 billion dollars (3.6 billion euro), trumping Unilever to the purchase.
» Read more
Unilever is allegedly interested in Reckitt Benckiser’s food division, but would have to fend off American Hormel Foods. Price: about 2.5 billion euro.
British Reckitt Benckiser, which owns brands like Durex, Calgon and Nurofen, has evaded hundreds of millions of euros in taxes through the Netherlands according to Oxfam Novib after it studies the company’s financial results.
Consumer company Reckitt Benckiser may sell its food branch, consisting of French's Foods' sauces. The money would be used to partially pay for children's food manufacturer Mead Johnson Nutrition's acquisition.
Reckitt Benckiser, which owns Durex condoms and Varnish laundry detergent for instance, has identified American children's food manufacturer Mead Johnson Nutrition as a potential acquisition target and is willing to pay more than 15 billion euro.