On September 28, 2009
Sara Lee Cleans Up in Unilever Deal
Sara Lee is one step closer to its goal of shedding all of its non-food-related brands. Unilever has agreed to buy Sara Lee’s personal care products — including the brands Sanex, Duschdas and Radox — for $1.9 billion. Now Sara Lee just needs to sell off its household products business, including its air fresheners and shoe polish brands. The company says it’s seen “significant interest” from potential buyers, but analysts have noted that household goods have not been doing so well in the current economy. On the other side, even as Sara Lee strives to get leaner and meaner, Unilever is trying to grow. The company has been in acquisitions mode since Paul Polman stepped in as CEO in January….
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