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Company Statement: Colgate announces acquisition of Sanex personal care brand in Europe and divestment of its laundry detergent business in Colombia

( March 23, 2011, 15:00 GMT | Official Statement) -- MLex Summary: Consumer products company Colgate-Palmolive has announced it will buy Unilever’s Sanex personal care brand in Europe.New York, New York, March 23, 2011…Colgate-Palmolive Company (NYSE:CL), as part of its strategy to focus on its higher-margin oral care, personal care and pet nutrition businesses, today announced that it has agreed to purchase the Sanex personal care brand from Unilever PLC for €672 million (approximately US$940 million). Sanex is a premium-priced personal care brand with a distinct positioning around healthy skin and strong market share positions in Europe. This strategic acquisition will greatly strengthen Colgate's important personal care business in Europe....

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