In its second major deal this week, Henkel will purchase French household marketer Spotless in a $1.28 billion (940 million euros) deal, according to reports. Private equity firm BC Partners is involved in the acquisition that will add laundry products such as Dylon and Eau Ecaralate to Henkel’s portfolio.
The deal would slightly lift Henkel's share of the $82 billion global laundry care market to 8.7%, still well behind Procter & Gamble's 26.6% and Unilever's 14.8%, noted Euromonitor International.
As previously reported in Happi, Henkel will buy three hair care companies based in the US for $370 million (270 million euros), with designs to boost its salon business, according to reports. The deal is via private equity firm TSG Consumer Partners and in cash.