10th Mar 2014 08:34
LONDON (Alliance News) - Consumer goods company Reckitt Benckiser Group PLC Monday said it has bought the K-Y brand from Johnson & Johnson unit McNeil-PPC Inc, a deal that will add the sexual lubricant to its stable of Durex sexual health products.
It didn't give any financial details of the deal.
K-Y made sales of more than USD100 million in 2013. It is sold in more than 50 countries.
No employees or fixed assets will be bought as part of the transaction.
Reckitt Benckiser shares were down 0.4% at 4,807 pence early Monday.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
RB..L