Anglo-Dutch food and personal-care products company Unilever PLC (ULVR.LN) on Monday announced its third acquisition in less than a month with the purchase of Brazilian natural and organic food business Mae Terra for an undisclosed sum.
Mae Terra is a fast-growing brand in Brazil, providing health-conscious consumers with organic and nutritious food products since it was set up in 1979. It operates in several categories with a portfolio that includes organic cereals, cookies, snacks and culinary products.
Unilever, the owner of Hellmann’s mayonnaise and Dove body products, last week agreed to buy Carver Korea, a Seoul-based maker of toners and moisturizers, for $2.7 billion. On Sept. 9 it bought Pukka Herbs for an undisclosed sum.
By Ian Walker
Sorce: Dow Jones Newswires via Fox Business
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