Unilever Indonesia
Unilever PLC
24 September 2007
UNILEVER INDONESIA TO BUY DRINKS BRAND
Unilever Indonesia has entered into a conditional agreement to buy the Buavita
brand of fruit-based Vitality drinks from Ultra.
Under the terms of the agreement, Unilever Indonesia will acquire the brand and
related goodwill and Ultra will continue to produce juices for Unilever under a
long term supply agreement. The completion of the transaction is subject to the
approval of the creditors and shareholders of Ultra, capital market laws and
regulations, and the fulfilment of other conditions pursuant to the relevant
agreement, such as the delivery of trademark certificates and other commercial
data of Ultra.
Harish Manwani, Unilever's President for Asia, Africa, said: 'I am delighted
that we can add the brand Buavita to our portfolio. It is an ideal fit with our
Vitality mission of offering products that help people look good, feel good and
get more out of life. The acquisition is fully in line with our priority of
building on our strengths in developing and emerging markets.'
The transaction, financial details of which have not been disclosed, is expected
to be completed by early of January 2008.
24 September 2007
-end-
Notes:
About Unilever Indonesia: PT. Unilever Indonesia Tbk. is the 85% owned
subsidiary of the Unilever group and is the biggest fast moving consumer goods
producer in Indonesia. The company is the market leader in detergent, household
cleaner, toothpaste, soap, shampoo, margarine and ice cream with annual sales of
€1 billion in 2006. Best selling brands include Rinso, Lux, Sunsilk, Blue
Band, Walls, Pepsodent and Bango.
About Unilever: Unilever's mission is to add vitality to life. We meet everyday
needs for nutrition, hygiene and personal care with brands that help people feel
good, look good and get more out of life.
Unilever is one of the world's leading suppliers of fast moving consumer goods
with strong local roots in more than 100 countries across the globe. Its
portfolio includes some of the world's best known and most loved brands
including twelve €1 billion brands and global leadership in many categories in
which the company operates. The portfolio features brand icons such as Flora,
Bertolli, Dove, Lux, Pond's, Lynx, Sunsilk, Persil, Cif and Domestos.
Unilever has around 179,000 employees in approaching 100 countries and generated
annual sales of €40 billion in 2006. For more information about Unilever and
its brands, visit www.unilever.com.
About Ultra: PT. Ultrajaya Milk Industry & Trading Company Tbk. is the largest
producer of aseptic drinks using UHT in carton packs in Indonesia. Its products
are liquid milk, fruit juices, tea, traditional and health drinks and tropical
fruit juice concentrates mainly under famous brands such as Ultra and Buavita.
SAFE HARBOUR STATEMENT:
This announcement may contain forward-looking statements, including
'forward-looking statements' within the meaning of the United States Private
Securities Litigation Reform Act of 1995. Words such as 'expects',
'anticipates', 'intends' or the negative of these terms and other similar
expressions of future performance or results, including financial objectives to
2010, and their negatives are intended to identify such forward-looking
statements. These forward-looking statements are based upon current
expectations and assumptions regarding anticipated developments and other
factors affecting the Group. They are not historical facts, nor are they
guarantees of future performance. Because these forward-looking statements
involve risks and uncertainties, there are important factors that could cause
actual results to differ materially from those expressed or implied by these
forward-looking statements, including, among others, competitive pricing and
activities, consumption levels, costs, the ability to maintain and manage key
customer relationships and supply chain sources, currency values, interest
rates, the ability to integrate acquisitions and complete planned divestitures,
physical risks, environmental risks, the ability to manage regulatory, tax and
legal matters and resolve pending matters within current estimates, legislative,
fiscal and regulatory developments, political, economic and social conditions in
the geographic markets where the Group operates and new or changed priorities of
the Boards. Further details of potential risks and uncertainties affecting the
Group are described in the Group's filings with the London Stock Exchange,
Euronext Amsterdam and the US Securities and Exchange Commission, including the
Annual Report & Accounts on Form 20-F. These forward-looking statements speak
only as of the date of this announcement. Except as required by any applicable
law or regulation, the Group expressly disclaims any obligation or undertaking
to release publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Group's expectations with regard
thereto or any change in events, conditions or circumstances on which any such
statement is based.
This information is provided by RNS
The company news service from the London Stock Exchange