M&A Activity • Jun 24, 2016
M&A Activity
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Ad-hoc | 24 June 2016 06:36
Henkel AG & Co. KGaA: Acquisition of all of the shares of The Sun Products Corporation
Henkel AG & Co. KGaA / Key word(s): Takeover/Takeover
24.06.2016 06:36
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Düsseldorf, June 24, 2016
Acquisition of all of the shares of The Sun Products Corporation
Henkel has signed on June 24, 2016 an agreement to acquire all shares in
the laundry and home care company The Sun Products Corporation, based in
Wilton, Connecticut, USA, from a fund of Vestar Capital Partners. The
transaction is valued (purchase price including debt) at around 3.2 billion
euros (3.6 billion US dollars).
The Sun Product Corporation has a portfolio of leading laundry care brands,
such as all(R) and Sun(R) as well as the fabric conditioner Snuggle(R). The
company also develops and manufactures laundry brands for leading retailers
in North America. In fiscal 2015, the company generated sales of about 1.4
billion euros (1.6 billion US dollars) in the USA and Canada. Sun Products
employs approximately 2,000 people and has two production sites and one R&D
center in the USA.
The closing of the transaction is subject to approval from cartel
authorities and other customary closing conditions.
Henkel AG & Co. KGaA
24.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de
Language: English
Company: Henkel AG & Co. KGaA
Henkel Str. 67
40191 Düsseldorf
Germany
Phone: +49 (0)211 797-0
Fax: +49 (0)211 798-4008
E-mail: [email protected]
Internet: www.henkel.de
ISIN: DE0006048432, DE0006048408
WKN: 604843, 604840
Indices: DAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse
EUREX
End of Announcement DGAP News-Service
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