iConnectHub

Login/Register

WeChat

For more information, follow us on WeChat

Connect

For more information, contact us on WeChat

Email

You can contact us info@ringiertrade.com

Phone

Contact Us

86-21 6289-5533 x 269

Suggestions or Comments

86-20 2885 5256

Top

Henkel Picks Up Polish Home Care

Source:Happi Release Date:2013-02-21 417
Personal Care
Add to Favorites
PZ Cussons Plc, will exchange contracts for the sale of its local Polish Home Care brands to Henkel. Completion is subject to merger control clearances in Poland and Ukraine, processesthat are anticipated to take approximately six months.

PZ Cussons Plc, will exchange contracts for the sale of its local Polish Home Care brands to Henkel. The Polish Home Care brands are being sold for a consideration of £46.6m in cash.Completion is subject to merger control clearances in Poland and Ukraine, processesthat are anticipated to take approximately six months.

The Polish Home Care brands comprise ‘E’ and certain smaller brands and are presentin the laundry detergent, fabric conditioner and washing up liquid product categories inPoland, central and eastern Europe.

In the year ended May 31, 2012, revenue generated by these brands was £51.4m, according to the company.

Alex Kanellis, chief executive of PZ Cussons, said:“I am pleased to be able to announce the exchange of contracts for the conditional sale of our Polish Home Care brands. On successful completion of the transaction, the divestment will enable us to focus on developing the Personal Care business in Poland and will further strengthen our balance sheet, improving our flexibility to take advantage of new investment opportunities as they arise."

Adidas Yeezy
Add to Favorites
You May Like