×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Sara Lee Agrees to Sell Cleaning-Products Unit

Sara Lee Agrees to Sell Cleaning-Products Unit

Wednesday, 29 December 2010 09:35 AM EST

Sara Lee Corp. said it agreed to sell its White King and Janola cleaning-products business to Australia-based detergent maker Symex Holdings for 37.9 million euros ($49.8 million).

The deal brings Sara Lee closer to its goal of focusing on selling food, coffee and tea.

Sara Lee, which has already spun off its body care, air care businesses and its stake in a joint venture with India's Godrej, expects the deal with Symex to close during the first quarter of 2011.

Over the past several years, Sara Lee has divested a number of businesses, including the Hanes underwear brand, to focus purely on foods and beverages like Senseo coffee and Hillshire Farm lunch meat.

The White King and Janola unit mainly makes and sells bleach, toilet, laundry and other cleaning products in Australia and New Zealand.

Earlier this year, raid bug spray maker SC Johnson agreed to buy Sara Lee's remaining insecticides business.

© 2022 Thomson/Reuters. All rights reserved.


Companies
Sara Lee Corp. said it agreed to sell its White King and Janola cleaning-products business to Australia-based detergent maker Symex Holdings for 37.9 million euros ($49.8 million). The deal brings Sara Lee closer to its goal of focusing on selling food, coffee and...
Sara Lee Agrees to Sell Cleaning-Products Unit
152
2010-35-29
Wednesday, 29 December 2010 09:35 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved