Henkel buys Sun Products in $3.5B deal

• German consumer products group Henkel (OTCPK:HENKY) is buying The Sun Products Corp from a fund of Vestar Capital Partners in a deal valued at about €3.2B ($3.5B) including debt.
• The acquisition will add well-established laundry detergent and fabric conditioner brands to Henkel's portfolio and make it the No. 2 laundry care maker in North America behind Procter & Gamble (NYSE:PG).