DUSSELDORF: Henkel AG agreed to buy US laundry and home-care company Sun Products Corp from Vestar Capital Partners in a deal valued at about 3.2 billion euros (US$3.5 billion).
Sun, which had revenue last year of about US$1.6 billion, sells laundry care brands including All, Sun and Snuggle fabric conditioner.
The company, based in Wilton, Connecticut, employs about 2,000 people and has two production sites and one research and development facility in the US, Henkel said in a statement yesterday.
