Godrej Sara Lee is the market leader in the Indian household insecticides category and has a strong presence in the air care, shoe care and male hair care markets.
The transaction is part of Sara Lee’s strategy to sell its international household and body care segment. The company continues to anticipate closing the sale of its global body care and European detergents businesses to Unilever by the end of the calendar year 2010, and closing the sale of its air care business to The Procter & Gamble Company shortly after the end of the fiscal year in July.
Both transactions are subject to customary closing conditions.
Source: Sara Lee
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