Global FMCG giant Unilever has sold its Bertolli pasta sauce, pesto and mayonnaise business to a Dutch company.
Enrico-Glasbest will take over the brand after a six-month transition period during which the British company will continue to manage the brand and its manufacture by third parties.
Unilever had earlier sold the Bertolli olive oil and margarine business to another buyer.
Enrico-Glasbest specialises in producing Mediterranean specialities, mayonnaises and dressings and believes the acquisition will boost its annual turnover from US$37 million to about $61 million.
“Bertolli as a brand fits seamlessly with the strategy and ambitions of Enrico-Glasbest: the company has grown strongly in recent years and is prepared for such a step forward,” said MD Robin Heetkamp.
The Bertolli brand dates back to 1865 when it was launched by Francesco and Caterina Bertolli who had a delicatessen in Lucca, Tuscany. They specialised in stocking olive oils, wines and cheeses from their region.