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The winner is Unilever

Jun 7, 2000

Unilever finally rested control of US food company Bestfoods in all cash deal worth $20.3 bn or $ 73 per share. After the merger Unilever will rank as the world’s largest food conglomerate with annual sales of $ 52.3 bn and profits of $ 6.2 bn. The companies estimate that their combination will lead to savings of up to $750 m annually.

Culinary products - Intensifying competition

May 15, 2000

Indian food industry comprising organised and unorganised players is dominated by small-scale players. The Indian market for ready to eat or packaged food products is very small in size, but is growing at a fast pace with increasing urbanization and changing life styles.

Food processing industry set for a boom

Dec 9, 1999

The US$ 70 bn Indian food processing industry is set to double by 2005. This was the inference of a recent study conducted by the government of India.

International Bestfoods: looking to consolidate

Dec 9, 1999

International Bestfoods is thinking really big. The company is planning to add more brands to its product portfolio through acquisitions and introducing more products under its existing brands.

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