Unilever Selling Loders Croklaan Group
ROTTERDAM - May 2/02 - SNS -- Unilever says it will sell its international specialty oils and fats unit, Loders Croklaan Group.
The unit has factories in Wormerveer, near Amsterdam, and in Channahon, near Chicago, with smaller plants in Toronto, Ontario, Canada and Cairo, Egypt and sales offices in a further seven countries. The business employs some 600 people and in 2001 had sales of 265 million.
Loders Croklaan has traditionally supplied the confectionery and bakery industries world-wide but also has a division focused on supplying nutritional oils and fats to manufacturers. Unilever believes that the business' future would be best served by a new parent company able to focus on the development of its full potential.
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