S.C. Johnson to acquire Sara Lee division
Racine-based S.C. Johnson & Son Inc. has reached an agreement to acquire Sara Lee Corp.’s global household insecticides business, which markets brand name products in 41 countries throughout Asia, Europe, Russia and Africa.
“We are pleased that this deal, and the addition of the Ridsect, Bloom, Catch, Cucal, Pyrel, Vapona and Fumitox brands, helps SC Johnson further extend its reach to even more families around the globe for whom pest control products provide invaluable health protection,” said Fisk Johnson, chairman and chief executive officer of S.C. Johnson.
S.C. Johnson expects the acquisition to be finalized by the end of the year after the customary regulatory clearances and is currently working on transition plans for the business. Financial details of the transaction were not disclosed.
