Colgate to buy Sanex brand from Unilever for about $940 million
(Reuters) - Colgate-Palmolive Co <CL.N> said it will buy Sanex personal care brand in Europe from Unilever PLC <ULVR.L> for about $940 million to expand in the higher-margin personal care and pet nutrition businesses.
Colgate said it also agreed to sell its laundry detergent business in Colombia to Unilever for $215 million.
Colgate said the deals are expected to add, on a combined basis, of about 4 percent on total company earnings in 2011.
(Reporting by NR Sethuraman; Editing by Gopakumar Warrier)