Unilever sees M&A opportunities, need for sustainable agenda
Consumer products giant Unilever believes acquisition opportunities will present themselves in the coming year as consolidation in the CPG sector continues apace.
“Times are good right now” for purchasers, CEO Paul Polman said on the sidelines of an IGD conference in London, according to Bloomberg. “There are good brands out there. We’ll see even more consolidation than before.”
Mr Polman indicated that his company was likely to be a major player in consolidation as they were “always looking” at takeover opportunities.
Unilever, the owner of the Streets, Lipton and Dove brands, last month announced their first major acquisition in years – a A$2.05 billion purchase of the Sara Lee personal care division. And, while that was a move that took up most of their acquisition budget this year, there are still possibilities for further purchases.
In his speech at the conference Mr Polman touched on a need for greater sustainability in the food supply chain.
“It is no longer enough to rely on eco-efficiency programmes in our factories, video conferencing facilities to reduce travel or simply carbon offsetting schemes,” he told delegates, according to just-food. “Important though they are, they will not bring about the level of change that is needed.”
Mr Polman said his company was making strides forward in sustainability, but admitted that an overhaul of operations would take time.
His call for a sustainability agenda for the food industry comes as forecasts show that food production may need to increase by more than 70 per cent by 2050.
Brand Finance Australia (BFA) has released their latest brand analysis. Woolworths has reclaimed Au...
American scientists have discovered a reason why low vitamin C levels may speed up the development o...
According to a recent study done by a collaboration between U.S and Chinese scientists from Washing...
Campbell Soup Company (NYSE: CPB) announced today that it has signed a definitive agreement fo...
It may seem almost too good to be true, but Nestle says it has found a way to significantly cut the ...
American grocer Whole Foods has revealed its annual list of food and beverage trends for 2018.
Police have seized 14, 000 bottles of fake Penfolds wine that was for sale in China.
A ‘pharmacy’ specialising in fresh foods has officially opened in the United States.