Friday, July 21, 2017

Reckitt Benckiser Sells Food Unit to the McCormick

Reckitt Benckiser, owner of the French''s mustard and pepper sauce Frank''s RedHot, your food unit sold in North America for the American McCormick for $ $4.2 billion. In April, Reckitt had reported that it was reviewing options for the unit to cut your debt after buying $ $16.6 billion of Mead Johnson, maker of Sustagem and other supplements. The company manufactures mainly cleaning products and medicines. In Brazil, owns the brands look, Vanish, Dettol and Naldecon Company and also. The sale, announced this week, will reduce the net debt/Ebitda (earnings before interest, taxes, depreciation and amortization) of Reckitt of 4.1 to 3.3 times. With less debt, the company can focus more on consumer health and domestic brands like Durex condoms and pills Mucinex. The projection is that the net sales of the company that will arise from the combination of the businesses will be about 5 billion 2017, said McCormick.
Giro News – 20/07/2017
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