Henkel Consumer Goods Inc., the Rocky Hill subsidiary of Henkel AG & Co. KGaA in Germany, has completed its acquisition of Wilton-based laundry and homecare company The Sun Products Corp. for $3.6 billion, including debt.
The deal ”“ first announced in June ”“ will make Henkel the second-largest company in the North American laundry care market, behind Cincinnati-based Procter & Gamble.
“This transaction is a major strategic move for Henkel,” said Henkel CEO Hans Van Bylen. “North America is one of the most important regions for us worldwide. With the acquisition of Sun Products we will improve our position in the USA, the world”™s largest laundry care market, and Canada.”
Among the brands being added to Henkel are Sun, All and Snuggle.
