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SC Johnson completes US$328 million acquisition of Sara Lee's Global Shoe Care Business

Date Closed

April 04, 2011

Lead Office

Montréal

Value

328.00 Million USD

On April 4, 2011, S.C. Johnson & Son Inc. announced that it has completed its acquisition of Sara Lee Corporation’s global shoe care business, in a majority of countries. The global shoe care business is comprised of the brands Kiwi, Kiwi Kleen, Tana and Bama, among others. The sale will close in the remaining jurisdictions pending certain conditions. The deal was originally announced on December 31, 2010, with a binding offer from S.C. Johnson & Son Inc. of US$328 million.

This transaction is part of Sara Lee's strategy to divest its household and body care businesses.

Sara Lee, headquartered in Downers Grove, Illinois, is an American consumer-goods company.

S.C. Johnson & Son, based in Racine, Wisconsin, is a privately held, global manufacturer of household cleaning supplies and other consumer chemicals.

McCarthy Tétrault LLP acted as Canada counsel for S.C. Johnson, as acquirer, with a team led by Éric Gosselin.

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