Company News, Financial News

It’s Gotta be the Shoes!

SCJ buys European shoe care company.

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By: TOM BRANNA

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SC Johnson will acquire Melvo Holding GmbH, a shoe care company with leading brands sold throughout Europe and the Commonwealth of Independent States (CIS), from a shareholder group led by VR Equitypartner. The deal adds leading brands that include Salamander, a market leader in Russia, as well as Woly, Woly Sport and Grison, to SC Johnson's shoe care portfolio, which includes the Kiwi and Bama brands. A purchase price was not disclosed. “Melvo's leading brands, including Sal...

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