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 …
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Reckitt Benckiser
McCormick, a US manufacturer of spices, herbs, and flavourings for retail, commercial, and industrial markets has signed an agreement to buy the food division of Reckitt Benckiser (RB), the British multinational consumer goods company, for $4.2 billion. “RB Foods’ focus on creating products with simple, high-quality ingredients makes it a perfect match for McCormick as we continue to capitalize on the growing consumer interest in healthy, flavorful eating,” commented Lawrence …
British consumer goods multinational, Reckitt Benckiser is considering the sale of its food division to help pay for the $16.6 billion acquisition of baby food maker Mead Johnson Nutrition, according to a report in Bloomberg. The food business, which includes French’s mustard and ketchup, had sales of £411 million ($515 million) last year, and could be sold for more than £2.4 billion ($3 billion) according to sources quoted by the …
British consumer goods multinational, Reckitt Benckiser is said to be in advanced negotiation to take over US infant formula Mead Johnson in a $16.7 billion deal, according to a report in Reuters. Infant nutrition company Mead Johnson is known for its Enfamil brand and is considered to bethe world’s number two infant formula maker with a large presence in China, Latin America as well as the United States. The company also owns …
Health, hygiene and household care producer Reckitt Benckiser (RB) has posted growth and margin expansion in full year 2015, according to its recently disclosed financial reports. RB’s total revenues rose to £8.874 billion ($12.684 billion), with organic growth up 6% on full year 2014. The company claims its gross margin increased by +140bps to 59.1% (totaling £5.246 billion / $7.498 billion), driven bymix, input costs, and cost programmes. Operating profit …
Pharmaceutical and consumer products manufacturer Hypermarcas has announced the sale of its condoms division to the British household and personal care group Reckitt Benckiser for R$675 million ($173 million), according to a Reuters report. Hypermarcas’ condoms division is comprised by the brands Jontex, Olla and Lovetex which together in 2014 represented 2% of the company’s total net revenue. The brands will join Reckitt Benckiser’s existing portfolio that includes the condom …
Gama spoke to Roberto Funari, Executive Vice President, Category Marketing, Reckitt Benckiser. Which markets or consumer groups currently offer the greatest growth opportunities for FMCG companies? Emerging markets remain an important growth opportunity for FMCG companies as they will continue to outperform developed markets in terms of growth rate. The key to investing in emerging markets is to understand that they do not yield an immediate growth return, but …
UK-based healthcare and household goods manufacturer Reckitt Benckiser (RB) has posted revenue of £2.37 billion ($3.83 billion) for its third quarter, increasing sales on a like-for-like basis by 3% on the previous year. Despite what RB termed a “robust performance in challenging markets”, the results were said to be below some analyst expectations. Bloomberg reports that unfavourable economic factors in Brazil and India are having an adverse effect on the …
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