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J&J to sell K-Y brand to Reckitt Benckiser

Mar. 10, 2014 9:05 AM ETJohnson & Johnson (JNJ) StockJNJ, RBGPF, RBGPY, RBGLYBy: Yigal Grayeff, SA News Editor4 Comments
  • Johnson & Johnson (NYSE:JNJ) has agreed to sell the global rights to its K-Y brand of intimate lubricants to Reckitt Benckiser (OTCPK:RBGLY).
  • While the price of the deal wasn't provided, Reckitt did say that K-Y had 2013 sales of over $100M, the majority of which was generated in the U.S. Canada and Brazil.
  • K-Y adds to Reckitt's Durex brand.
  • The transaction doesn't include staff or fixed assets. (PR)

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