Unilever Sells Vietnam Op
September 1, 2003
Vietnam's Kinh Do Confectionery Co. has acquired the local Wall's ice cream business from Unilever for an undisclosed sum. Wall's ice cream factory, which can produce 9 million liters of ice cream a year, will be the base for Kinh Do's push into the domestic ice cream market. Unilever invested $20 million in setting up the Wall's operation in Ho Chi Minh City in 1997.