Unilever plans takeover of British Reckitt Benckiser

Unilever (Photo: M.Minderhoud/Wikimedia Commons). (Unilever (Photo: M.Minderhoud/Wikimedia Commons))

Dutch-British consumer goods company Unilever wants to acquire the food branch of British company Reckitt Benckiser, though is facing competition from American company Hormel Foods, British newspaper Sunday Times reports based on anonymous sources. 

The acquisition involves around 2.2 billion pounds, or 2.5 billion euros, according to the newspaper. Reckitt is known for French's Mustard, Frank's RedHot Sauce, Worcestershire sauce and brands like Calgon, Durex, Nurofen and Clearasil. 

According to the newspaper's sources, the first actual bids can be expected in the coming weeks.