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$1.6 billion deal includes global body care, Euro detergents.
December 6, 2010
By: TOM BRANNA
Editor
Sara Lee Corp. has completed the sale of its global body care and European detergents businesses to Unilever for approximately $1.6 billion. “The divestiture of our Body Care and European Detergents businesses further enables us to concentrate our efforts in key areas where we have a strong competitive position and can generate significant shareholder value,” said Marcel Smits, interim chief executive officer of Sara Lee Corp. “We remain focused on aggressively driving growt...
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