Magazines Archives - 2007 November

Unilever Indonesia buys over Ultrajaya’s fruit drinks
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UNILEVER INDONESIA, a subsidiary of global FMCG (fastmoving consumer goods) conglomerate Unilever NV, has entered into a long-term supply agreement in September this year to acquire the fruit juice brands Buavita and Gogo of local beverage manufacturer PT Ultrajaya Milk Industry Tbk.

Harish Manwani, president for Unilever, Asia and Africa, regards the products as ideal to the group’s mission.

“I am delighted that we can add the brand Buavita to our portfolio. The acquisition is fully in line with our priority of building on our strengths in developing and emerging markets,” he added

The transaction between the two companies is expected to be completed as early as next January, with Ultrajaya continuing to manufacture the beverages in Indonesia.

President director of Unilever Indonesia Maurits Lalisang said: “We are pleased that we can add Buavita and Gogo to our portfolio. This transaction, which combines Unilever’s strengths in marketing and distribution, and Ultra’s in product development and manufacturing, will fulfil the growing demand for quality products that are good for health and wellbeing.”



2007 November Stories:

Global Food & Style Expo 2008

China’s hypermarket sector set for growth

Coach sets up first flagship store in South-east Asia

BHG opens third heartland store in Singapore

India’s rural retail sector shows promise

Metro shifts focus to private labels in India

Dairy Farm’s Wellcome opened in Ho Chi Minh City

Courts reports profits and increased sales, signs exclusive with Dell

Fast Retailing grows home and overseas business

China’s secondary cities picking up credit-card use

F J Benjamin achieves 38% turnover growth

Auric Pacific Group takes over Délifrance Asia

Unilever Indonesia buys over Ultrajaya’s fruit drinks

US restaurant chain makes China its base for Asian expansion

India poised to become world’s prime food-sourcing hub

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