Consumer products giant Henkel, which has its North American headquarters in Rocky Hill, said Friday it has signed an agreement to acquire Wilton laundry and homecare company The Sun Products Corp. for $3.2 billion.
The deal with make Henkel the second largest laundry-care provider in North America.
Sun Products Corp. was owned by New York’s Vestar Capital Partners.
Sun Products has a portfolio of leading laundry-care brands, such as “all” and “Sun” as well as the fabric conditioner Snuggle. The company also develops and manufactures laundry brands for leading retailers in North America. In fiscal 2015, the company generated sales of about $1.6 billion in the U.S. and Canada. Sun Products employs approximately 2,000 people and has two production sites and one R&D center in the U.S.
In fiscal 2015, Henkel’s total sales in North America amounted to more than $4 billion.
Henkel has more than 6,000 employees in North America and operates with all three business units in the region: laundry and home care; beauty care; and adhesives technologies. Henkel´s portfolio in the USA includes Persil and Purex laundry detergents, Schwarzkopf hair care products for retail and professional customers, Dial body care, and Loctite adhesives.
Henkel said oration, based in Wilton, from a fund of Vestar Capital Partners. The transaction is valued at around $3.2 billion dollars including debt.
