date:Jan 20, 2014
British-Dutch multinational company Unilever has agreed to divest its Royal pasta brand in the Philippines to RFM, a food and beverage firm, for $47.8m.
The sale does not include any of Unilever's facilities or employees in the Philippines.
Unilever Philippines chairman and CEO Rohit Jawa said, Royal pasta is a high quality brand which I am confident will do well under RFM's experienced management.
We continually review our portfolio of brands and Unilever's decision to divest the Royal brand