Unilever Sells Two U.K. Divisions

Unilever Bestfoods will sell U.K. dairy business Ambrosia and desserts business Brown & Polson to Premier Foods. Unilever sheds the business as part of its master brands strategy focusing on core brands.

The combined businesses report annual sales of about $96 million (GBP 60 million). U.K.-based Premier's portfolio includes Crosse & Blackwell and Typhoo tea. The deal is expected to close by the end of November.