Consumer goods company Unilever is seeking bidders for its Ragu pasta sauce business, according to reports.
Unilever, which recently sold its Wish-Bone salad dressings, Skippy peanut butter and Peperami meat snacks, has commissioned Morgan Stanley to sell Ragu, which could fetch as much as $2bn (£1.2bn), according to Bloomberg.
No one at Unilever or Morgan Stanley was immediately available to comment.
The company, which also makes Dove soap, Lipton tea and Ben & Jerry's ice cream, has said it is in the process of selling underperforming assets.