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Vestar Capital Partners will merge Huish to form new company
July 28, 2008
By: TOM BRANNA
Editor
Unilever has signed an agreement to sell its North American laundry business in U.S., Canada and Puerto Rico to Vestar Capital Partners. The global private equity firm will merge the business with its existing operation, Huish Detergents Inc., to form a new company, The Sun Products Corporation (Sun Products). The consideration consists of a cash payment of $1.1 billion, together with preferred shares in The Sun Products Corporation with a face value of $375 million, and warrants offering the...
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