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Sauces familiar

22 May 2014 By Quentin Webb

Mizkan, a closely held rice-vinegar maker, is buying Unilever’s U.S. Ragu and Bertolli brands for $2.15 bln. Paying 3.6 times sales in the mature pasta-sauce market looks rich. For the Japanese buyer, the flavour is sweetened by low rates and a shrinking domestic market.

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