Reckitt on US buying spree

Reckitt on US buying spree

Reckitt & Colman, the household products group, has acquired four US household brands for pounds 96m. They are Spray 'n Wash, Glass Plus, Vivid and Yes, bought from SC Johnson & Son, a US group. SC Johnson in turn is acquiring the brands as part of its purchase of the Dow Chemical consumer products business. Sales of the brands are estimated at pounds 78m and are expected to record profits of pounds 10m. Following the deal, North America will account for 36 per cent of Reckitt's sales.