Unilever
This article was originally published in The Rose Sheet
Executive Summary
Sixty percent controlling interest in Colombian home and personal care company Varela purchased for an undisclosed amount, the company announces Nov. 17. Based in Cali, Varela's leading brands are Sensus and Juno toilet soaps and Puro laundry detergent. As a result of the deal, Unilever merges its Colombian home care business with Varela, which together amount to more than $100 mil. in annual sales. The purchase is another step in strengthening Unilever's business in Columbia. Latin American sales for the first nine months totaled $4.23 mil