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PesiCo Buying Nuts Business
NEW YORK - Nov 22/05 - SNS -- PepsiCo plans to buy Sara Lee Corporation's European nuts business in the Netherlands, Belgium and France for Euro 130 million.
Under the agreement between the two companies, the business being purchased sells products under the Duyvis brand in the Netherlands and Belgium and the Benenuts brand in France, the leading nut brands in their respective markets. The products are principally roasted and coated bagged peanuts, but also include mixes, noble nuts and extruded snacks.
The transaction is subject to satisfactory outcome of works council proceedings, as well as regulatory approvals and clearance by the Dutch competition authority.
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