- Procter & Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc (UK) for an undisclosed amount to focus on its faster-growing brands.
- The deal includes the global sale of the Camay brand and the sale of the Zest brand outside of North America and the Caribbean, P&G said.
- The company will also sell its Talisman facility in Mexico to Unilever. The facility has 170 employees.
- P&G said in August that it would shed 80-100 slow-growing product lines to focus on about 80 brands, including Tide laundry detergents and Pampers diapers, which generate most of its revenue.
- P&G sold its Duracell battery business to Berkshire Hathaway Inc in November and its pet food business in Europe to Spectrum Brands Holdings Inc in September.
- The deal with Unilever is expected to close in the first half of 2015, P&G said.
- Press
DEAL: Pocter & Gamble Will Sell Camay and Zest Brands to Unilever
