Unilever to split off spreads division, but denies it's preparing for an exit

By Elaine Watson contact

- Last updated on GMT

Unilever to separate spreads, denies it's preparing for an exit

Related tags: Management

Unilever is planning to set up a standalone business unit for its North American and European spreads, prompting speculation that it is planning a spin off - something bosses have denied.

The unit - to be called Unilever Baking, Cooking and Spreading - will give the business more focus and more freedom to take important decisions, chief financial officer Jean-Marc Huet revealed in an investor seminar Thursday.

"We're going to provide even more focus to this business, the speed of execution should increase over time, and the category will be permitted to take more radical action if required​.”

Spreads (leading brands include Flora, Becel and Rama), which account for 27% of Unilever’s food sales and 7% of its group sales, have been a drag on the business in recent years, with sales falling 3.2% in the first nine months of 2014, and falling 3.1% in 2013.

However, Unilever denied that it is preparing to make an exit. According to Reuters (click HERE​), Unilever insisted that the unit remained "a core part of our business and the cash delivery is important to us​”, adding: "We are not planning to sell or spin-off spreads​.”

Click on the link below to read about Unilever's recent transformation of its buttery spreads portfolio.

Unilever reboots buttery spreads: ‘We know that the perception of artificiality is our biggest barrier’

Related topics: Business, Dairy, Prepared foods, Fats & oils

Related news

Related products

show more

Stable antioxidants for deep frying applications

Stable antioxidants for deep frying applications

Kancor Ingredients Limited | 22-Jul-2019 | Technical / White Paper

Large quantities of wastage occur for frying oil in the snacking segment. When oil is fried at high temperatures, it quickly reaches its smoke point and...

Edible Oil Oxidation Monitoring with the microESR

Edible Oil Oxidation Monitoring with the microESR

Bruker BioSpin | 04-Jul-2018 | Application Note

Rancidity of vegetable oils occurs during storage and is caused by oxidation of unsaturated fatty acids, resulting in foul odors and tastes in the product....

Does Europe Want to Ban Palm Oil?

Does Europe Want to Ban Palm Oil?

The Oil Palm | 12-Feb-2018 | Business Advice

The European Parliament has voted to ban Palm Oil biofuels under the Renewable Energy Directive. There is one key question the Council of the European...

Product Recovery (Pigging) for Food Manufacturers

Product Recovery (Pigging) for Food Manufacturers

HPS Product Recovery Solutions | 31-Jan-2018 | Technical / White Paper

Hygienic product recovery ("pigging") is in wide use by food manufacturers that pump liquids or wet products. It gives a high ROI and quick payback.

Related suppliers

Follow us

Featured Events

View more


View more