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First Quality Enterprises, LLC acquires the business for an undisclosed amount.
As part of its consumer brands portfolio optimization process, Henkel signed an agreement to sell its retailer brands business in North America to an affiliate of First Quality Enterprises, LLC, Great Neck, NY. The retailer brands business comprises products in the detergents, fabric finishers and dishwash categories. The unit serves several retail customers in North America with annual sales of around 500 million euros. The retailer brands business was identified as a non-core activity withi...
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