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Remains a distant No. 2 in US laundry
September 2, 2016
By: TOM BRANNA
Editor
Sun is done. Henkel closed the acquisition of the laundry and home care company The Sun Products Corporation, based in Wilton, Connecticut, yesterday. The agreement to buy all shares of the company from a fund of Vestar Capital Partners was signed on June 24, 2016 and is valued at $3.6 billion including debt. “The acquisition of Sun Products is a major strategic move for Henkel and a step-change for our business in North America. We reach a No. 2 position in the North American laundry care m...
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