Reckitt & Colman said it had sold the personal products division of its US subsidiary to JW Childs Associates for $123m. In 1995 the division generated trading profits of about $10m from sales of $110m.
The net tangible assets of the division amounted to $30m at the end of December. The proceeds are to be used by Reckitt to reduce debts.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments