Market News
04Jul2008 |
Unilever in Talks to Sell Laundry BusinessUnilever is in late-stage talks to sell its North American laundry business to Huish Detergents. The deal would turn the category's leading U.S. private-label manufacturer into the biggest premium-brand challenger to Procter & Gamble Co. The deal would also position equity fund Vestar Capital Management as the leader in North American laundry products, potentially ahead of Henkel, owner of Church & Dwight. Source: Canadian Grocer E-Newsletter, July 4th. 2008 
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