Pinnacle Foods to Buy Unilever’s Wish-Bone for $580 Million

 In International
Pinnacle Foods Inc., the maker of Hungry Man dinners that’s majority-owned by Blackstone Group LP, agreed to buy Unilever’s Wish-Bone unit for $580 million, adding the U.S. market leader for Italian salad dressings.
The transaction is expected to immediately add to earnings and brings in brands with annual sales of about $190 million, Parsippany, New Jersey-based Pinnacle said today in a statement. Wish-Bone also includes the Western dressings brand.  Bloomberg – Read more…

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