Henkel AG & Co. KGAA ADROTCPK - Current
Fri, Jun. 24, 3:36 AM
- 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).
Mon, May 23, 5:57 PM
- Unilever (NYSE:UL), L'Oreal (OTCPK:LRLCF), Henkel (OTCPK:HENKY) and other companies have submitted first-round bids in an auction for hair care products maker Vogue International, which could value Vogue at $2.5B-$3B, Reuters reports.
- The bids come three years after a lawsuit hurt Vogue's effort to sell itself; buyout firm Carlyle Group (NASDAQ:CG) acquired a 49% stake in the company last year.
- Florida-based Vogue produces OGX shampoo, which has enjoyed strong growth propelled by its colorful packaging which stands out in drugstore aisles.
Jun. 9, 2015, 3:04 AM
- Stepping closer to shedding some more non-core assets, P&G (NYSE:PG) has received several binding offers for separate parts of its beauty business.
- Bidders, including Henkel (OTCPK:HENKY), Coty (NYSE:COTY) and P-E firms KKR (NYSE:KKR), Clayton Dubilier & Rice and Warburg Pincus, have made offers in the billions of dollars for P&G's haircare unit, cosmetics division and fragrance business.
- CEO Lafley said last August he would reverse the company's strategy of aggressive expansion and unload more than half of its brands.
- Previously: Personal care companies prep bids for P&G beauty brands (Apr. 16 2015)
Apr. 16, 2015, 2:12 AM
- As part of a cost-cutting strategy by Chief Executive A.G. Lafley, Procter & Gamble (NYSE:PG) may soon offload $10B-$12B worth of its beauty brands.
- Personal care and cosmetics companies Henkel (OTCPK:HENKY), Revlon (NYSE:REV) and Coty (NYSE:COTY) are preparing bids for P&G's haircare business, cosmetics division and fragrance unit, respectively, sources told Reuters.
- CEO Lafley said last August he would reverse the company's strategy of aggressive expansion and shed more than half of its brands.