The combination of Unifi, and Mellon’s Buck Consultants and Mellon Employee Benefit Solutions (MEBS) businesses, will consolidate Mellon’s position in the human resources outsourcing area.
Unifi, with revenues of $351 million in the year ending June 2001, was created following the 1998 merger of Coopers & Lybrand (C&L) and Price Waterhouse. Its employees, products and services will now be incorporated directly into Buck and MEBS.
The approximately $275 million transaction, which will
be an all-cash deal, is expected to close early in the
first quarter of 2002. Other terms of the agreement were