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Sara Lee Sells Shoe Care Business To SCJ

Final steps in shedding household and body care units.

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By: TOM BRANNA

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Sara Lee Corp. has agreed to sell its global shoe care business, including Kiwi, Kiwi Kleen, Bama, Tana and Meltonian brands, to SC Johnson for approximately $326 million. In fiscal 2009, the business generated annual sales of approximately $315 million and accounted for approximately 19% of the adjusted operating segment income for Sara Lee’s international household and body care business. The transaction—a final piece of the company’s plan to shed its household and body care operations—...

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