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Unilever buys some Sara Lee businesses for $1.88B

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[September 25, 2009]  AMSTERDAM (AP) -- Consumer products maker Unilever NV says it has agreed to buy the personal care products businesses of Sara Lee Corp. for euro1.28 billion ($1.88 billion).

Unilever makes Dove soaps and Axe deodorants, while the Sara Lee businesses to be acquired are known for the Sanex, Radox and Duschdas brands, Unilever said.

The Anglo-Dutch company says the businesses are complementary and have room to grow in developing markets. The businesses it will acquire had sales of euro750 million and operating earnings of euro128 million in the 12 months ending in June.

Unilever said in a statement Friday the deal must be approved by regulators.

[Associated Press]

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.




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