Unilever Enters Ice Cream Venture in Philippines

Unilever has entered a joint venture in the Philippines with the Manila-based Selecta Dairy Products Inc. Under the agreement a new company Selecta Wall's, to be managed by Unilever Philippines, will take over Selecta's ice cream business and all of its related assets, including manufacturing and distribution.

Selecta Dairy Products is a subsidiary of the food and beverage conglomerate, RFM Corporation. Its other business interests, including juice drinks and milk products, are not included in the joint venture.

Unilever's ice cream interests in the East Asia region encompass China, Vietnam, Thailand, Malaysia, Indonesia and Singapore - all operating under the Wall's name.

Unilever produces and markets a wide range of food products in 88 countries around the globe and has 66 offices and manufacturing sites in 23 states. Some of their major products include Ragu pasta and pizza sauces, Breyers ice cream products, Promise and Gorton's frozen seafood products.