Unilever announced that it had received a binding offer from Zwanenberg Food Group to acquire the Unox and Zwan brands. Both iconic brands have been part of the Unilever portfolio for almost 100 years, the Dutch Unox brand since 1937 and the Belgium Zwan brand since 1928.

Unilever is looking to sharpen its Foods portfolio for long-term growth and scalability, focusing on fewer and bigger brands in categories such as cooking aids, mini meals and condiments. The meat and soup products of Unox and Zwan require a distinct supply chain, sourcing model and set of technological and R&D capabilities, making them less scalable within the broader Unilever Foods portfolio. Unox’s Noodles and Cup-a-Soup products are a good fit with the mini meals category and will, therefore, remain part of the total Unilever Foods portfolio.

Heiko Schipper, President of Unilever Foods, said: “Unox is a beloved and iconic brand in the Netherlands, and the decision to part with it has not been easy. The association with Dutch winter activities, such as the New Year’s Dive in Scheveningen and ice-skating events, along with its distinctive orange hat branding and wide range of award-winning advertising campaigns, has cemented Unox’s place in Dutch culture.

“Zwan is a cherished brand in Belgium, associated with comfort and nostalgia and with quick and easy meals, making the brand a beloved part of everyday Belgium life. I am convinced that under Zwanenberg Food Group’s ownership, Unox and Zwan will be able to quickly adapt to trends and remain relevant in this competitive market.”

Sjoerd van der Laan, CEO of Zwanenberg Food Group, said: “The Unox and Zwan brands are a wonderful addition to our range. We are a broad food company with strong brands. After the acquisition of the Unilever factory in Oss in 2018, the acquisition of the Unox and Zwan brands is a great addition that fits in perfectly with our ambitions.”

The deal includes the production of soup-in-pouch in the factory in Poznan.

The binding offer is subject to the usual closing conditions, regulatory requirements, and consultation processes.

The company expects to complete the deal within 2025.

The deal is subject to usual closing conditions, regulatory requirements, and consultation processes. Financial terms of the binding offer are undisclosed.