Unilever sells Ragu sauce brand

Consumer goods group Unilever yesterday agreed to sell its Ragu and Chicken Tonight sauce brands in the UK and Ireland to privately-owned food group Symington’s. The two brands, which had combined sales of around £20m in 2010, will remain under Unilever’s ownership in all other markets, while the Anglo-Dutch group will focus on its Bertolli sauce brand within the UK and Ireland. No price was disclosed. Symington’s said the deal will boost annual turnover to around £150m.