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.