Wachtell Reps Colgate In Unilever Soap, Laundry Deals

Law360, New York (March 23, 2011, 1:41 PM EDT) -- New York-based Colgate-Palmolive Co. will buy Unilever PLC's Sanex personal care brand for $904 million and sell a Latin American laundry detergent concern to its London-based counterpart for $215 million, the companies said Wednesday.

Colgate characterized the Sanex purchase as a strategic acquisition that would strengthen its personal care business in Western Europe. Sanex specializes in liquid body cleansers and deodorants and had 2010 net sales of $260 million.

Unilever did not spell out its reasons for selling the Sanex unit, but company President Michael Polk...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.