Announced

Completed

Arnest Group completed the acquisition of the Russian business from Unilever.

Synopsis

Arnest Group, a Russian manufacturer of perfume, cosmetics, and household products, completed the acquisition of the Russian business from Unilever, a British-Dutch transnational consumer goods company. Financial terms were not disclosed. "The sale includes all of Unilever’s business in Russia and its four factories in the country. Our business in Belarus is also included in the sale. Over the past year, we have been carefully preparing the Unilever Russia business for a potential sale. This work has been very complex, and has involved separating IT platforms and supply chains, as well as migrating brands to Cyrillic. The completion of the sale ends Unilever Russia’s presence in the country," Hein Schumacher, Unilever CEO.

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