Deals
Colgate to Buy Unilever’s Sanex Unit for About $940 Million
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Colgate-Palmolive Co. agreed to buy Unilever’s Sanex personal-care unit for about $940 million, pursuing its biggest purchase in more than a decade to expand in deodorant and body wash overseas.
Colgate also will sell its Colombian laundry detergent business to Unilever for $215 million, according to a statement from the New York-based company today. Sanex, which Unilever had to sell to allay European Union competition concerns, generated sales of about $260 million last year.