date:Jul 14, 2014
Consumer goods maker Unilever Plc said it had sold its Slim-Fast brand to Kainos Capital, a U.S.-based private equity firm focused on the food and consumer sector.
The sale is part of Unilever's ongoing effort to reshape its U.S. portfolio and focus on its core higher-margin personal care business, the company said.
The Anglo-Dutch maker of Ben Jerry's ice cream, Dove soap and Lipton tea said it would retain a minority stake in the Slim-Fast business, which sells dietary food products, includ