Pinnacle will pay $580M for Unilever unit Wish-Bone

Pinnacle Foods has agreed to purchase Unilever's Wish-Bone salad-dressing business for $580 million. The unit generates $190 million in sales annually, Pinnacle says. "The acquisition of Wish-Bone is a perfect fit with our successful strategy of 'Reinvigorating iconic brands,' " Pinnacle CEO Bob Gamgort said.

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