Unilever Sells American Detergents to Vestar

July 29, 2008

Sale price is $1.45 billion

The Dutch-British food to household products group Unilever said on July 28 it was selling its detergents businesses in the U.S., Puerto Rico and Canada to investment fund Vestar for $1.45 billion.

Vestra would add the activities to its existing detergents business Huish Detergents into a new company to be called The Sun Products Corp. (Sun Products).

Last year the Unilever activities concerned had sales of $1 billion.

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.