Rama is owned by KKR (the United States, NYSE: KKR) through its subsidiary Upfield, which acquired the brand on 2 July 2018 from Unilever.[1][1] Before KKR, Rama was owned by Unilever from 1924 to 2018.[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Rama is the largest margarine brand in Germany and has been sold since 1924. Its long-running advertising was built around a family breakfast table, and the brand is a fixture in German, Austrian and central European households.
Unilever sold its spreads business to KKR, which established it as a standalone company named Upfield. Unilever had been trying to exit margarine for years as consumption declined, and the sale followed its rejection of a takeover approach from Kraft Heinz that had prompted a strategic review.
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Frequently asked questions
Who is the parent company of Rama?
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The parent company of Rama is KKR, a private-equity firm headquartered in the United States. Rama sits under KKR's subsidiary Upfield.
Is Rama German or American?
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Rama originated in Germany in 1924, but it is owned today by KKR, which is headquartered in the United States. So Rama is a German-origin brand under American ownership.
When did KKR buy Rama?
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KKR completed its acquisition of Rama on 2 July 2018, after announcing the deal on 15 December 2017.
Who owned Rama before KKR?
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Before KKR, Rama was owned by Unilever from 1924 until 2018.
Is Rama still owned by KKR?
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Yes. As of 6 September 2026, Rama is still owned by KKR. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
[1]Upfield — our brands — Upfield Holdings B.V., Official document; retrieved 6 September 2026.