Unilever said on Thursday it had agreed to sell its Ragu and Bertolli pasta sauce brands to Mizkan Group for $2.15 billion in cash, marking a final step the restructuring of its portfolio in North ...

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Mizkan acquired the Ragú and Bertolli brands from Unilever in 2014 for $2.15bn. In the Japanese group’s fiscal 2023, it generated sales of Y160.7bn ($1.08bn) in its North America business.