(Reuters) – German consumer goods maker Henkel said on Friday it would sell its retailer brands business in North America to an affiliate of First Quality Enterprises, LLC.
The companies agreed not to disclose financial details of the deal, which concludes Henkel’s portfolio optimization in the consumer brands business, announced in February 2022, the company said in a statement.
Henkel sold or discontinued brands and activities for total sales of slightly over 1 billion euros ($1.04 billion) since the beginning of 2022, it said.
($1 = 0.9638 euros)
(Reporting by Linda Pasquini, editing by Miranda Murray)
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