Freudenberg acquiring US household gloves business
11 Oct 2017
Share:
Weinheim, Germany – Freudenberg Household Products LP, part of Freudenberg Group, is acquiring US-based household gloves business Playtex..
In a 5 Oct statement, the group said it was aiming to expand its household products business.
Playtex, the gloves business of Edgewell Personal Care, is a “market leading” brand in the US and has been operating in the market for more than 65 years, Freudenberg said.
The transaction, the value of which was not disclosed, is expected to be completed in the fourth quarter of this year.
“Through this acquisition, we are continuing the growth strategy of Freudenberg Household Products in the US,” explained Tim Molek, president Americas of Freudenberg Household Products LP.
“We will be creating significant added value for our customers and will be able to offer a… more innovative product range to consumers,” Javier Sala, US general manager of Freudenberg Household Products LP added.
Freudenberg Household Products LP is part of Freudenberg’s home and cleaning solutions unit.
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
Unlimited access to ERJ articles online
Daily email newsletter – the latest news direct to your inbox