Del Destino - Pasta Sauces - Traditional Mediterranean Flavors
Odyssey feta cheese. Delicious & award-winning. Wisconsin-made!
IDDBA - Growing the Future - Orlando, FL - June 2 - 4 2019
Unilever Acquires Consumer Business for $3.8 Billion

Unilever Acquires Consumer Business for $3.8 Billion

Monday, December 3rd, 2018

Unilever’s CEO of ten years, Paul Polman, has announced that he will be retiring from the company. Alan Jope, the company’s current President of Beauty and Personal Care, will assume the position January 1, 2019. Polman will act in an advisory role the first half of year to support the transition process.

Paul Polman, CEO, Unilever“It has been an honor to lead Unilever over the last 10 years. Throughout this time, I have been humbled by the commitment and hard work of our people, and their passion for creating a truly purpose-driven company," said Polman in a company press release. "I am very grateful to them, as I am to Unilever’s many other stakeholders, with whom we have worked to build our long-term, sustainable business [...] I congratulate Alan on his appointment and look forward to working with him on the transition. Having worked closely with Alan for many years, I am highly confident that under his leadership, Unilever will prosper long into the future. His appointment demonstrates the strength of Unilever’s succession planning and talent pipeline."

Having worked in the consumer goods business for the past forty years, Polman helped Unilever deliver consistent top and bottom line growth ahead of its markets. The company noted that his successor, Jope, will follow in line with leading Unilever in developed and emerging markets.

Alan Jope, President of Beauty and Personal Care, Unilever“Our global footprint includes strong positions in many important markets for the future and our focus will remain on serving our consumers, and our other multiple stakeholders, to deliver long-term growth and value creation,” Jope said.

Several days after dropping the news of Polman’s retirement, Unilever announced its plans to acquire the Health Food Drinks portfolio (GSK HFD) of GlaxoSmithKline (GSK), an Indian consumer business, for $3.8 billion dollars. This includes malted milk drink Horlicks, a drinks segment worth roughly $1.1 billion dollars.

Horlicks and Boost will add to Unilever's stable of purpose driven brands

Bloomberg noted that this acquisition boosts the company’s footprint in one of the world’s fastest-growing economies. In 2018, the GSK HFD portfolio delivered a total turnover of $624 million, primarily through its Horlicks and Boost brands.

The transaction, Unilever noted, aligns with its strategy of increasing its presence in health-food categories and high-growth emerging markets.

Nitin Paranjpe, President, Food & Refreshment, Unilever“We are delighted to be acquiring the GSK Health Food Drinks portfolio. The iconic Horlicks brand has a deep heritage, credibility, and resonance around the world,” stated Nitin Paranjpe, President, Food & Refreshment, Unilever. “The acquisition is transformative for our Foods and Refreshment business, allowing us to enter the Health Foods Drinks category, further strengthening our position in health and wellness."

He continued, stating that "it is rare to be able to acquire brands with such leading market positions and fantastic consumer equity in one of the world’s most exciting and fast-growing markets. Improving the health and wellbeing of 1 billion people by 2020 is a key pillar in our Unilever Sustainable Living Plan. Horlicks and Boost will add to our stable of purpose driven brands that help consumers to get more out of their lives.”

For the latest in specialty food news, keep with us here at Deli Market News.


Del Destino - Pasta Sauces - Traditional Mediterranean FlavorsOdyssey feta cheese. Delicious & award-winning. Wisconsin-made!IDDBA - Growing the Future - Orlando, FL - June 2 - 4 2019

Have a new product, press release or story idea?

Let us know

In This Story

A brighter future: A better business. Unilever has a simple but clear purpose - to make sustainable living commonplace.

Cheese Industry Conference 2019 Seminars Focus on Export Trends, Market Strategies

Grow your business in markets abroad with the help of expert insights on trends and winning sales strategies from 2019 Cheese Industry Conference (CIC) presenters.
View Press Release

WCMA Supports Dairy Industry’s Future Leaders with Scholarships Worth $15,000

Each year, the association shows its support for the dairy industry’s next generation of leaders by announcing the names of this year's recipients.
View Press Release

Eggland’s Best and Life Time Challenge Families to “Plus It Up”

Eggland’s Best (EB), the #1 branded egg in the U.S., is teaming up with the Life Time 60daySM program to encourage families to “plus it up” when it comes to their overall nutrition and wellness.
View Press Release

WCMA Recognizes Contest Leaders with Awards

On Wednesday, March 6, the Wisconsin Cheese Makers Association, host of the 2019 U.S. Championship Cheese Contest, honored Steve Krause, John Jaeggi, and John Umhoefer for their work to support and grow the contest.
View Press Release

WCMA Announces Ideas Showcase Line-Up at 2019 Cheese Industry Conference

Register online at through April 8!
View Press Release

Marley Spoon’s Customer-Centric Approach to Grow Market Share in the U.S.

The Martha Stewart-backed company is set to offer customers far MORE choice.
View Press Release

Michel et Augustin Launches New Cookie and Packaging Redesign at Expo West

The Troublemakers of Taste is excited to unveil an exclusive U.S. packaging re-design and a new flavor at this year’s expo.
View Press Release

WCMA Applauds Governor Evers’ Support of Dairy Processing Industry in State Budget Proposal

The association's Executive Director John Umhoefer comments on the state's support and outlines what he hopes will be included in the 2019-21 budget.
View Press Release

Kauai Coffee® Selected as Best Hawaii Grown Coffee Brand

The company is chosen by HAWAIʻI Magazine as its Readers’ Choice Awards pick for “Best of All Islands: Coffee.”
View Press Release