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$3.6 billion deal moves firm into No. 2 space in North America laundry care category.
June 24, 2016
By: Christine Esposito
Editor-in-Chief
Henkel has signed an agreement to acquire The Sun Products Corporation, from a fund of Vestar Capital Partners. The transaction is valued at around $3.6 billion, including debt. “This transaction is a major strategic move for Henkel. North America is one of the most important regions for us worldwide. With the acquisition of Sun Products we will improve our position in the USA, the world’s largest laundry care market, and Canada,” said Henkel CEO Hans Van Bylen. With the acquisition Henk...
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