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Unit sells leading Good Knight, Hit and Jet insecticide brands.
May 13, 2010
By: TOM BRANNA
Editor
Sara Lee Corp. has agreed to sell its 51% stake in the Godrej Sara Lee Ltd. joint venture to Godrej Consumer Products Ltd. for approximately $234 million. The transaction is expected to close before the end of Sara Lee’s fiscal year on July 3, 2010. The Godrej Sara Lee joint venture primarily markets insecticides, including Good Knight, HIT and JET brands, which are sold throughout India. In fiscal 2009, this business generated annual sales of approximately $158 million and accounted for appr...
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