[1] The company was spun off under the name Upfield from Unilever and purchased by investment firm Kohlberg Kravis Roberts (KKR) in 2018 for US$8.04 billion.
[3] Antoon Jurgens of Oss, Netherlands, acquired the patent for making margarine from its inventor Hippolyte Mège-Mouriès in 1871.
Although the food spreads division of Unilever maintained a robust profit margin, in the 21st century sales declined as many consumers switched to butter.
[6] Following a February 2017 takeover attempt by Kraft Heinz, Unilever chief executive Paul Polman made a pledge to investors to boost returns.
David Haines, non-executive director of tobacco company Imperial Brands, was appointed CEO in July 2018.
[citation needed] In November 2021 Upfield bought Unilever's production factory in Cali, Colombia, producing Rama, Violife and Blue Band.