P&G Acquires Ambi Pur From Sara Lee

  • December 11, 2009
Procter & Gamble Company has signed a binding offer with the Sara Lee Corporation to acquire Ambi Pur for €320 million ($470 million). Under the terms of the agreement, P&G will acquire Ambi Pur, a leading global air care brand with presence in 80 countries, as well as several toilet care products with strong presence in Western Europe and Asia.

The transaction, which is subject to customary closing conditions and regulatory clearances, is anticipated to close in the current fiscal year, which ends on June 30. Both P&G and Sara Lee will consult with relevant work councils and regulatory bodies during the review process.--Karl Greenberg

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