• ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
Latest Tweets
  • Loading tweets...

Follow @@GamaConsumer

  • ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
1 MIN READ

China: Reckitt Benckiser to offload infant formula business for $2.2billion

June 7, 2021
-
Asia Pacific, Food, Mergers & Acquisitions

British consumer goods multinational, Reckitt Benckiser has signed an agreement to sell its infant formula and child nutrition business in China to a private equity firm Primavera for $2.2 billion.

The deal includes a manufacturing site in Nijmegen, the Netherlands and Guangzhou, China, and the royalty-free perpetual and exclusive licence of the Mead Johnson and Enfa family of brands in China.

According to sources, Reckitt Benckiser will receive $1.3bn in cash to pay down debts, and it will keep 8 per cent stake in the business.

“Today’s announcement marks another step in our strategy to rejuvenate growth and create long term value. As part of this journey, we are actively, and decisively, managing our portfolio,” said Reckitt Benckiser CEO, Laxman Narasimhan. “After a thorough review of our infant formula and nutrition business in China, we have found an excellent home for the business under the ownership of Primavera.”

Source: Financial Times

Tags
Primavera
Reckitt Benckiser
← PREVIOUS POST
USA: TreeHouse Foods to sell ready-to-eat cereal business to Post Holdings
NEXT POST →
UK: Tesco and Carrefour to discontinue purchasing alliance

Copyright © 2020. Gama. All rights reserved.      Privacy Policy | Legal Notice

 
China: Reckitt Benckiser to offload infant formula business for $2.2billion - Gama