Unilever sells Elais plant and spreads business to KKR
US investment firm KKR is taking over the historic factory and the output of Elais-Unilever on Pireos Street at Neo Faliro in Piraeus.
It forms part of the wide-ranging deal providing for the acquisition by KKR of all Unilever’s spread business worldwide, with the exception of South Africa.
As a result, KKR will be the new owner of the brands Flora, Altis, Becel ProActiv, Super Fresco and Vitam.
The process of the 97-year-old factory’s transfer to KKR is expected to be completed during the third quarter of next year.
